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NFI: 11AIPPS Speaker's Papers
Washington D.C. - Tuesday, March 17, 2015
Complex Challenges of International and U.S. Regimes: Who's in Charge Here?
Several of the speakers produced papers in conjunction with the Insurance Summit and they are available below:
Hester Peirce is Senior Research Fellow at the Mercatus Center, George Mason University.
The wrenching financial crisis of 2007 to 2009 triggered an intense period of regulatory reflection. The congressional response - the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) - substantially reshaped the country's financial regulatory framework. The new framework reflects a deep confidence in federal regulators to identify systemic problems and prevent them from causing system crises.
Karen Shaw Petrou is Managing Partner of Federal Financial analytics, Inc..
This policy brief does not address the question of whether systemic designation and related regulation is the correct policy for U.S. insurance companies, nor does it discuss the types of rules that should or should not apply to U.S. insurance companies regardless of size or charter. Instead, it assesses current and prospective policy drivers – legislative, regulatory, and public-policy forces – to demonstrate their competitive impact and the emerging reconfiguration of financial services in the U.S., as well as resulting competitiveness and corporate-governance challenges. Winners and losers on both a line-of-business and franchise basis are defined based on Federal Financial Analytics’ proprietary advisory practice.
This is a press release from the BPC announcing the launch of an insurance task force to assess the impact of these new rules and identify ways to improve and modernize insurance oversight.
The announcement also links to their discussion web page: Does Dodd-Frank Work for Non-Banks? Insurance as the Test Case.
This is a free and widely attended event organized by Networks Financial Institute
Networks Financial Institute's 11th Annual Insurance Public Policy Summit is generously supported by
Networks Financial Institute