Fed to join IAIS to help guide global insurance supervision
September 26, 2013 by Elizabeth Festa
The Federal Reserve Board — sparked by the interest of Gov. Dan Tarullo in ongoing talks of global insurance supervisory standards — is seeking to become one of the many U.S. members of the International Association of Insurance Supervisors (IAIS), according to sources.
The Fed is also said to be negotiating with the National Association of Insurance Commissioners (NAIC) and the Federal Insurance Office (FIO) located within the U.S. Treasury to become a member of the IAIS’ important Executive Committee.
The Executive Committee currently has three U.S. members, two from the NAIC and one from Treasury’s Federal Insurance Office (FIO).
Originally Posted at LifeHealthPro on September 26, 2013 by Elizabeth Festa.
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