Dodd-Frank requirements could lower insurers’ exposures
November 13, 2013 by Standard & Poor's
According to an S&P report
DALLAS Nov. 11, 2013–In response to the financial crisis of 2008, the U.S. Congress passed the Dodd-Frank Act (DFA), officially known as the Wall Street Reform and Consumer Protection Act of 2010, with provisions targeting a wide variety of financial markets. Among the law’s many provisions is Title VII, also known as “Wall Street Transparency and Accountability,” which aims to boost transparency in the pricing of derivative transactions–specifically swaps, which insurers and others financial institutions commonly use. Swaps within the scope of this regulation are defined in section 1a of the Commodity Exchange Act and include, but are not limited to, interest rate swaps, credit default swaps, and total return swaps. Click here to read…
