The US Federal Reserve has no intention of scrapping plans for a capital regime applied to systemically important insurers, despite Prudential Financial being the only remaining designated firm, Risk.net understands.
The move intensifies questions over the purpose of the systemically important label for insurers and underscores industry wrangling over the wider regulatory regime for financial institutions.
“The framework is going to go ahead,” says a regulation expert at a US insurer. “There i
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