Fed takes hands-on approach to thrift-owning insurers

Savings and loan holding companies get used to closer scrutiny


The introduction of the Dodd-Frank Act has seen a number of insurers facing Federal Reserve System (Fed) oversight. But while much attention has been focused upon those insurers who fall into the category of systematically important financial institutions (Sifis), there are others who are also expecting stronger scrutiny under the eyes of the Fed.

Insurers categorised as savings and loan-holding companies (SLHCs) for their ownership of federal saving banks, or ‘thrifts’, were once regulated by t