NAIC commitee chair considers extending internal ratings systems to CMBS
The US National Association of Insurance Commissioners (NAIC) is considering removing nationally recognised statistical rating agencies (NRSROs) from the determination of its commercial mortgage-backed security (CMBS) capital requirements.
In an exclusive interview with Life & Pensions, Kermitt Brooks, first deputy insurance superintendant for New York State Insurance Department in addition to his role at the NAIC, said that after evaluating the performance of its new agency-independent capital
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