The Great Unknowns
October 8, 2013 by Kate Smith
Four words have been sparking debate throughout the insurance industry: systemically important financial institution.
Three years ago, with the passage of the Dodd-Frank Wall Street Reform Act, Congress gave the Federal Reserve Board authority to oversee companies deemed by the Financial Stability Oversight Council to be “systemically important financial institutions.”
Originally Posted at Best's Review on October 2013 by Kate Smith.
Categories: Industry Articles
