ACLI - Systemic Risk
2009 -
- 2009 1026 - InsuranceNewsNet - Relieved to Have Survived a Dangerous Year, ACLI Members Look Ahead, By Ron Panko, senior associate editor, Best's Review - [link]
- The year certainly tested the ACLI leadership. Frank Keating, its president and CEO, related the many actions he and his team took to work with federal officials to provide some level of support for affected life companies.
- Because we were state-regulated, we were very concerned, if not alarmed, that the Fed, the FDIC, perhaps the SEC, obviously the Treasury Department, might have a high level of ignorance and not appreciate that individual companies within our industry may not be systemic, but we as an industry are."
- The year certainly tested the ACLI leadership. Frank Keating, its president and CEO, related the many actions he and his team took to work with federal officials to provide some level of support for affected life companies.
2010 -
- November 4, 2010 Letter - FSOC
2011 -
- February 9 Letter - FSOC
- February 25 letter - FSOC
- December 19 - FSOC
2015 -
- 2015 0325 - GOV (Senate) - FSOC Accountability Nonbank Designations
- [PDF-165p, VIDEO-CSPAN (This video was obtained from the Congressional Committee's website...<No Download Available>) - <mp3, mp4> - T
- Senate Banking Committee Website Video - banking.senate.gov/hearings/fsoc-accountability-nonbank-designations
- (p78) - Prepared Statement of Gary E. Hughes - Executive Vice President and General Counsel, American Council of Life Insurers - March 25, 2015
2016 -
- For life insurers, the risk of a bank-like “run” resulting from loss of consumer confidence is virtually non-existent.
Life Insurers Do Not Pose a Systemic Risk to the Nation’s Economy, BY