Government Hearings - 2010s

  • JUNE 24, 2010 | PART OF CONFERENCE ON FINANCIAL REGULATIONS BILL, DAY 7
    Conference on Financial Regulations Bill, Day 7, Part 5
  • Examining Insurance Capital Rules and FSOC Process
  • 061313 - "The Impact of International Regulatory Standards" (EventID=100995) - 2:23 - VIDEO

  • 111814 - “The Impact of International Regulatory Standards...Part II” (EventID=102766) - 1:44

  • 042815 - "The State of the Insurance Industry and Insurance Regulation"
  • 042915 - “The Impact of International Regulatory Standards..." - Part 1 (EventID=103436) - 45:00

    • 29:00 - mike capuano, optional federal charter, iais, 
    • 39:00 - garrett - different standards - fsoc vs iais
  • 042915 - “The Impact of International Regulatory Standards..." - Part 2 (EventID=103436) - 1:04 - video

  • 092915 - “The Impact of Domestic Regulatory Standards on the U.S. Insurance Market” (EventID=104019) - 2:07

  • 022416 - “The Impact of the Dodd-Frank Act and Basel III..." (EventID=104581) - 2:46

  • 022516 - “The Impact of International Regulatory Standards..." (EventID=104583) - 3:09

  • 2016 0928 - THE IMPACT OF THE U.S.-EU DIALOGUES ON U.S. INSURANCE MARKETS
  • 102417 - “The Federal Government’s Role in the Insurance Industry” (EventID=106549) - 2:03

  •  030718 -- "Legislative Review of H.R. 5059..." (EventID=107975) - 1:48

    • Chair - Duffy - State Insurance Regulation Preservation Act. Rothfus, 
    • Ross (FL) v Schwarcz
    • 27:00 - Ross  - Dodd-Frank, State Based Regulation
    • 43:45 - Schwarcz - Opening 5 minutes
      • Insurance Savings and Loan Holding Company, arbitrage, less stringently regulated, creates new, Dodd-Frank, -Primary reason AIG failed was the failure of the OTS to perform group level oversight.  States haven't done group supervision...maybe until 2008.
    • 58:15 - to Duffy. More important point. Intent bill vs effect of the bill.  savings and loan holding company - definition (p2).  Example: JP Morgan.  ...there's a problem, but this isn't the solution.
    • 1:04:30 - Ross v Schwarcz - yeah, okay, great.  Are you demeaning the State Regulators.  
    • 1:28 - 2 different business models - Banking and Insurance - Congressman Luetkemeyer (MO)
    • 1:34 - Schwarcz - Securities Lending
    • 1:48 - Schwarcz / McCarther - SIFI's, Feds role, before 2008 Savings and Loans holdings companies had a federal regulator.  OCC. Costs and Benefits.
  • Financial Stability Oversight Council Meeting - VIDEO
    • 16:30 - John Huff (Missouri Insurance Regulator / NAIC)
      • Traditional Insurance products don't create Systemic Risk, however..."

 

  • 2014 0204 - The Federal Insurance Office’s Report on Modernizing - PDF - 214p, VIDEO - YouTube
    • Mcraith, Leonardi, Inbackground (Ben Nelson, Gary Hughes?)

 

2015 0325 -GOV - FSOC Accountability Nonbank Designations CHRG-114shrg95892 - PDF - 165p, VIDEO

  • Roy Woodall and John Huff dissents on Prudential ............. 127
  • Roy Woodall and Adam Hamm dissents on MetLife ........... 140

2017/10/24 - GOV - The Federal Government’s Role in the Insurance Industry”

Schwartz/Ross/Duffy/Capuano/FIO

1:17 - Capuano - Madoff did things that were Illegal, AIG did not