Newsclip®: [Business] Tarullo: standards for "too big to fail" insurance firms coming soon - Yahoo Finance

"From Yahoo Finance: The Federal Reserve will soon take up prudential standards and liquidity requirements for insurance companies deemed 'too big to fail' that are intended to head off risks to financial stability, Fed Governor Daniel Tarullo said in a speech to the National Association of Insurance Commissioners on Friday. It will also propose capital requirements for insurance firms it regulates, with separate tracks for the handful of those companies designated 'systemically important' and for smaller holding companies that own banks. Under the Dodd-Frank Wall Street reform law, federal regulators can determine non-bank companies such as AIG could put the entire financial system in danger should they fail and require they take certain measures, such as holding more capital, to stave off threats to the country's financial stability.", finance.yahoo.com


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