US Sifis still in the dark on capital standards

Uncertainty remains for big insurers, despite progress of Senate bill

Federal Reserve

US systemically important insurers remain in the dark on the details of new capital standards that will apply to them, despite the passage of a Senate bill last week designed to clarify the rules.

S.2270, The Insurance Capital Standards Clarification Act of 2014, passed the Senate on June 3. The act amends Section 171 of the Dodd-Frank Act on leverage and risk-based capital requirements for systemically important financial institutions (Sifis), making it clear that Sifi insurers will not be subj