Federal Reserve Solicits Comment on Capital Requirements for Supervised Institutions Engaged in Insurance Activities (Fed. Reg.)

The Board of Governors of the Federal Reserve System ("FRB") solicited comments on an advanced notice of proposed rulemaking regarding regulatory capital requirements for supervised institutions engaged in insurance activities. The request for comments was published in the Federal Register.

The FRB is proposing two approaches to consolidated capital requirements for these institutions. The first uses existing legal entity capital requirements as building blocks for insurance depositary institution holding companies and the second is a simple consolidated approach for systemically important insurance companies.

Comments on the proposal must be submitted by August 17, 2016.