Fed proposes new capital rule for insurance firms
Fed does not anticipate firms would have to raise new capital
The Federal Reserve has proposed a new risk-based capital requirement for insurance holding companies.
The framework, which the Fed calls the “building block approach”, determines the company’s enterprise-wide capital requirements by aggregating subsidiary requirements. The new framework would apply to eight depository institutions that are “significantly engaged in insurance activities”, the Fed says in a statement.
Under the new rule, the Fed would calculate capital levels and requirements
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