ACLI criticises ‘bank centred’ Dodd-Frank
The American Council of Life Insurers (ACLI), the US industry lobby group, has criticised the Dodd-Frank financial services regulatory reform bill for treating insurers in the same
way as banks.
The legislation – passed by the house of representatives at the end of last month and due to be debated and voted on by the senate after the independence day recess – “reflects a bank-centered approach to regulation that does not always mesh well with the life insurance industry”, or its existing
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