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Registered Rep. March 6, 2009 Halah Touryalai |
Federal Regulator For Insurance Firms? Barney Frank says Yes. House Financial Services Committee Chairman Barney Frank gave insurance lobbying groups something to argue about, saying he wants lawmakers to create an optional federal charter for insurance companies. |
Insurance & Technology June 17, 2009 Anthony O'Donnell |
Insurance Industry Reacts to President's Financial Service Regulation Reform Proposals President Obama's proposals include enhanced oversight of the insurance sector and the establishment of an Office of National Insurance. |
Insurance & Technology April 3, 2009 Anthony O'Donnell |
Industry Reacts to Federal Insurance Regulation Bill Insurance industry associations argue the benefits or drawbacks of federal regulation, optional federal charter and the priority of addressing systemic risk over shortcomings of the existing state-based regulatory regime. |
Insurance & Technology February 19, 2009 Anthony O'Donnell |
Federal Insurance Regulatory Proposal Draws Fire, Support Opponents of the National Insurance Consumer Protection and Regulatory Modernization Act (NICPRMA) call the bill an attempt to shoehorn optional federal charter into government regulatory activity meant to address systemic risk within financial services. |
Insurance & Technology March 27, 2009 Anthony O'Donnell |
Insurance Industry Groups React to Treasury Secretary's Statements to House Committee Speaking before the House Financial Services Committee, Geithner was forthright about the need for systemic risk regulation but his comments on optional federal charter were subject to interpretation. |
Insurance & Technology May 21, 2010 Anthony O'Donnell |
Senate Financial Reform Bill Mostly a Relief for Insurers The potential for duplicative federal insurance regulation did not materialize within the Restoring American Stability Act of 2010 passed by the Senate, but concerns still remain how the final law will affect the industry after passage through the House later this year. |
Insurance & Technology March 29, 2010 Anthony O'Donnell |
Insurance Associations Express Concerns About Financial Reform Bill Sen. Christopher Dodd's reform bill proposes only modest changes to the existing insurance regulatory regime, but industry associations are pushing back against resolution funding requirements and potentially duplicative regulation. |
Insurance & Technology July 16, 2010 Anthony O'Donnell |
Financial Reform Law's Ultimate Impact on Insurance Remains Unclear While the Dodd-Frank bill, expected to be signed into law by President Obama next week, has spared insurers explicit duplicative regulation, the powers of the new Federal Insurance Office remain undefined. |
Insurance & Technology April 3, 2008 Katherine Burger |
No Surprises in Insurance Industry's Mixed Reception for Treasury Department's Endorsement of Optional Federal Charter Concerns about competitive advantage inspired the life insurance industry's welcome of the Treasury's call for an optional federal charter as part of broad regulatory reform proposals for financial services. |
Insurance & Technology June 15, 2009 Anthony O'Donnell |
Five Insurance Trade Groups Sign Statement Supporting Optional Federal Charter The statement will be presented at the June 16 hearing on Risk and Insurance House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. |
HBS Working Knowledge April 23, 2008 Dwight Crane |
The Gap in the U.S. Treasury Recommendations U.S. Treasury recommendations for strengthening the regulation of the financial system are a good start but fall short, says Harvard Business School professor emeritus Dwight B. Crane. |
Insurance & Technology May 3, 2006 Maria Woehr |
Opting In or Out? As the optional federal charter for insurers hits the Senate floor, industry leaders weigh cost savings and enhanced competition against possible risks to insurance carriers -- and policyholders. |
HBS Working Knowledge June 22, 2009 Roger Thompson |
"Too Big To Fail": Reining In Large Financial Firms The federal government should slap tough new regulations on all firms that pose "systemic risk" - the risk that a failure of one institution could wreak havoc across the entire financial system. |
Insurance & Technology November 24, 2003 Greg MacSweeney |
Senate Mulls Fed. Ins. Regs As the Senate Committee on Commerce reviews the adequacy of state-based insurance regulation, segments of the industry are quickly taking sides. |
Finance & Development September 2009 Andrew Crockett |
Rebuilding the Financial Architecture What needs to be done to strengthen financial regulation and supervision? |
Bank Director 1st Quarter 2010 Jack Milligan |
A Look at the Hill and Beyond Steve Bartlett, head of a financial services lobbying group, talks about political gyrations in Congress and the concerns all banks ought to be having about the impact of banking reform on the U.S. economy. |
Bank Systems & Technology November 11, 2009 Maria Bruno-Britz |
Banking Groups React to Sen. Dodd's Draft Regulatory Legislation With a Big 'No' Although organizations approve of the Senate's efforts, they say it goes too far in undermining those aspects of financial services that actually work. |
Bank Director 2nd Quarter 2009 Jack Milligan |
Scrambling for Solutions Get ready for the mother of all lobbying battles in Washington later this year when the Obama administration starts pushing its reform agenda for financial regulation in the U.S. Congress. |
Investment Advisor July 2008 Marlene Y. Satter |
One Forward, Two Back? The Department of the Treasury released its Blueprint for a Modernized Financial Regulatory Structure, which sets forth an argument for the need for change in the financial services industry. |
Insurance & Technology February 19, 2004 Julie Gallagher |
Tech Could Assist State-Based Reform Acknowledging that legacy technologies are not the only antiquated systems in insurance, carriers, trade associations and commissioners are aggressively approaching the regulatory reform of the insurance industry |
Bank Director 2nd Quarter 2010 Jack Milligan |
A Shot in the Arm The financial services industry needs a prescription for the mess that's been created because this is an industry that can't afford another crisis. |
Investment Advisor February 2009 Marlene Y. Satter |
Presidential Directions The National Association of Insurance Commissioners has a new president, Roger Sevigny, the New Hampshire insurance commissioner. |
Investment Advisor July 2009 Melanie Waddell |
Danger & Opportunity: Bracing for Change It looks to be all but inevitable that the rules for broker/dealers and investment advisors will be harmonized, and that broker/dealers offering investment advice will have to adhere to a fiduciary standard of care. |
U.S. Banker May 2009 Michael Sisk |
The Repercussions of Reform After months of Congressional hearings, debates and some hysterics, only the broadest outlines of the new banking regulatory regime have emerged. |
Insurance & Technology March 6, 2009 Anthony O'Donnell |
Rep. Melissa Bean Says Federal Insurance Bill Imminent The Illinois Representative's statements call into question whether a proposed federal charter for insurers large enough to pose systemic risk to the financial services industry would be optional or mandatory. |
U.S. Banker August 2009 Joseph Rosta |
Piling Up on the Fed Republicans and Democrats in Congress agree that the Federal Reserve Board isn't doing much right. |
U.S. Banker April 2009 Rebecca Sausner |
Good Luck With That Outside the Beltway many bankers and industry players believe it matters less who gets anointed with the power to monitor systemic risk and more what tools can get the job done. |
Insurance & Technology June 30, 2010 Anthony O'Donnell |
Insurance Trade Associations Mostly Relieved by Financial Reform Bill Deal Duplicative federal regulation of the insurance industry is essentially absent from the Dodd-Frank bill that emerged from a Marathon session in Congress June 25. |
On Wall Street August 1, 2010 Sen. Tim Johnson |
Coordinating Global Regulation Senator who helped hammer out the reform bill says this is just the beginning. |
U.S. Banker November 2009 Kaper & Hopkins |
Dodd's Power of Persuasion Facing long odds, the Banking Committee Chairman builds support for a plan to create a prudential regulator. But would a single agency kill the dual banking system? |
Insurance & Technology September 14, 2006 Maria Woehr |
One Charter to Rule Them All? Insurers, analysts and vendors are weighing the benefits and risks of the National Insurance Act of 2006 - a plan to adopt an optional federally chartered regulatory system - as well as the impact the federal regulation could have on IT systems. |
U.S. Banker August 2010 Mark W. Olson |
Endangered Species: The State Banking Charter Should state legislatures continue to see value in funding their state bank regulators, the charter in those states would continue to have viability. |
Investment Advisor August 2008 Marlene Y. Satter |
Careful What You Wish For Treasury proposes big change, but will insurance companies be happy? |
Bank Systems & Technology March 26, 2009 Orla O'Sullivan |
Geithner Calls for "New Rules" with Insurers, Hedge Funds to be Regulated Critics question government's 'power grab,' as Treasury Secretary says far more regulation needed. |
Insurance & Technology November 15, 2006 Anthony O'Donnell |
One Step Closer Another step toward the adoption of an optional federal charter was taken at the end of September when Congressman Ed Royce introduced the National Insurance Act of 2006. |
Insurance & Technology January 17, 2006 Maria Woehr |
Constant Change The coming year's regulatory and political agenda could result in requirements for reform and increasing technology investments, which could alter the business environment for property and casualty, life, and health insurers alike. |
Investment Advisor April 2009 Melanie Waddell |
Danger & Opportunity: What You Need to Know, Now As Washington becomes the hub of finance, advisors must stay tuned in |
BusinessWeek June 25, 2009 Theo Francis & Mark Scott |
European Regulators Target U.S. Firms New regulatory efforts by European policymakers may put American banks, insurers, and money managers at a competitive disadvantage. |
U.S. Banker March 2010 Alan Kline |
Dysfunction in D.C. The sight of Democrats cheering and Republicans sitting on their hands when the president plugged financial reform was disheartening to anyone who believes the system needs fixing. |
Investment Advisor January 2009 Melanie Waddell |
Watch Out. Reform In on the Way As the New Year unfolds, one thing is certain: financial services regulatory reform will be hotly debated in the 111th Congress, and perhaps some reforms will actually be put into place. |
Insurance & Technology November 10, 2008 Anthony O'Donnell |
IT Will Power Insurance Industry Response to Crisis Technology spending will be a critical factor for insurers wishing to both take advantage of opportunities provided by the current crisis and address heightened compliance and risk management concerns. |
Investment Advisor November 2007 Melanie Waddell |
On the Agenda: Insurance and Ratings Congress looks at insurance reform and the subprime mess. |
Insurance & Technology April 21, 2010 Anthony O'Donnell |
NAIC Meeting's Emphasis on Solvency Will Drive Insurance IT Spend The NAIC's Solvency Modernization Initiative will drive regulation that supports global regulatory transparency and necessitate risk management and reporting technology modernization, according to Deloitte. |
Bank Systems & Technology June 18, 2009 Maria Bruno-Britz |
The Financial Industry Reacts to Obama Regulatory Proposal Although most agree with the general principles outlined in the President's financial reform plan, they find several sticking points -- and IT won't be immune. |
The Motley Fool December 31, 2009 Jennifer Schonberger |
What's the Best Recipe for Financial Regulatory Reform? Experts give their insight on what's ahead for the industry. In 2010 the U.S. Senate will face the question of how to restructure our financial regulatory system. |
HBS Working Knowledge July 21, 2010 |
HBS Faculty Debate Financial Reform Legislation What do Harvard Business School faculty experts who conduct research on financial markets and regulation and who, in many cases, have held leadership positions in the financial sector, think about the bill and its intended (and unintended) consequences? |
Insurance & Technology January 5, 2007 Peggy Bresnick Kendler |
An Eye on the Future Insurance industry association executives speculate on the most important issues and challenges facing the insurance industry in 2007. |
The Motley Fool August 23, 2010 Ilan Moscovitz |
Treasury on Regulatory Failure and "Too Big to Fail" The Treasury Department answers questions on the new regulations and big banking. Part two of a three-part interview. |
Finance & Development March 2009 Amar Bhattacharya |
A Tangled Web Everyone agrees on reforming the governance of financial markets, but who will do what remains unclear. |
Insurance & Technology December 23, 2005 Anthony O'Donnell |
Reform in Sight According to a recent study, regulatory compliance under the present state-by-state system will cost the life insurance industry $11 billion over the next decade. Still, given the recognition by all parties that change is needed, some kind of regulatory reform is inevitable. |