FSOC – Minutes home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/fsoc/council-meetings/meeting-minutes December 18, 2014 b. Interest Rate Risk The Chairperson recognized Trent Reasons, Senior Policy Advisor at Treasury, who presented on the ongoing work of the Council’s Systemic Risk Committee related to monitoring interest rate risks and preparedness for potential rate shocks. Finally, Mr. Reasons described continued investment margin pressure on life…

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Dots – Same Products, Different Industries GICs vs BICs – GOV – Money  Market v Checking Account UL – Checking Account + Term Insurance Annuity plus life insurance The other issue I think I would like to highlight is what I have termed ‘‘the convergence of financial products,’’… If you look at the economic characteristics…

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House Members Gary Ackerman Melissa Bean Judy Biggert – (R-IL-1999 to 2013)   Mike Capuano – (D-MA-1999 to 2019) John Dingell Barney Frank John Garamendi Paul Kanjorski Blaine Luetkemeyer Carolyn Maloney John Moss Michael Oxley Dennis Ross   Mike Capuano – (D-MA-1999 to 2019) 2015 0429 – GOV (House) – The Impact of International Regulatory…

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Dots – Add – What Happened First – AIGFP or AIGSL? 2008 0916 – AIG Board of Directors Minutes 9/16/2008 – 24p  (p8) – David Herzog, AIG Senior Vice President and Comptroller, then joined the meeting. Mr. Herzog explained AIG’s immediate liquidity needs. He stated that AIG had used $10 billion to $11 billion through the securities…

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Q: Could the Securities Lending Division of AIG Taken Down the Company by itself? For example, it is almost certainly the case that the securities-lending scheme undertaken by American International Group’s life insurance subsidiaries would have taken down the company by itself, had the collateral calls on AIG Financial Products’ credit default swaps not done…

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Mark Van Der Weide Mark Van der Weide Chief of Staff for Policy, Division of Banking Supervision and Regulation, Federal Reserve Deputy Director, Division of Banking  Supervision and Regulation, at the Federal Reserve Board of Governors; (p21) – Chairman LUETKEMEYER. Thank you. Mr. Van Der Weide, I want to let you know that you gave us…

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Dots – Find Find Refind UL – AL – ACLI – no ending Royce/Sherman/AIG/Life Insurance/Securities lending X – Vaughan – Tell us what the problems are Woodall Birnbaum – GOV – Securities Lending

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Dots – How to Get Attention to an Issue Congress Ackerman Don Manzullo – (R-IL-1993 to 2013) Media (p40) – Don Manzullo – (R-IL-1993 to 2013):  Well, they didn’t even know about it.  <re: Madoff> Their own internal investigation showed that when the whistleblower had contacted the lower echelon at the SEC, that it never…

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Dots – What Happened in the 1980s? Dorfman The 1980s ushered in the era of universal life policies. While such universal life policy features as flexible premiums, current and guaranteed cost of insurance scales, guaranteed maturity funds and guaranteed maturity premiums added a few wrinkles to the calculation process, the fundamentals of generating policy reserves…

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