Insurance companies will urge U.S. lawmakers to stop the Federal Reserve from imposing bank-like capital standards on their industry.
March 11, 2014 at 09:00 AM
1 minute read
Insurance companies urged U.S. lawmakers to stop the Federal Reserve from imposing bank-like capital standards on their industry.
A provision of the 2010 Dodd-Frank Act that overhauled U.S. financial regulation requires the Fed to set minimum capital and leverage standards on non-bank firms, including insurance companies like Prudential Financial Inc.
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