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Dodd-Frank Financial Services Regulatory Reform: NAIC Initiatives
State Regulatory Initiatives
State Regulatory Initiatives Addressed Include:
- Financial Stability Oversight Council (FSOC)
- Federal Insurance Office (FIO)
- Regulatory Regime for Over-the-Counter (OTC) Derivatives Market
- Non-admitted and Reinsurance Reform Act of 2010 (NRRA):
NAIC Committees, Task Forces, and Subgroups Addressing Initiatives Include:
- Government Relations Leadership Council (EX) - FSOC, FIO and over-the-counter (OTC) derivatives
- Reinsurance (E)Task Force - NRRA reinsurance provisions
Signed by U.S. President Barack Obama into law July 23, 2010, The Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203) represents the federal government’s comprehensive response to the financial crisis that peaked in the fall of 2008. This special section details the efforts of the NAIC and state regulators addressing provisions of the law impacting state regulation of insurance.
(2/10/12) NAIC Comment Letter to Federal Agencies Regarding the Implementation of the "Volcker Rule"
(12/7/11) NAIC Representatives Discuss Financial Regulation and Market Conduct with Federal Insurance Office (FIO) Staff
(12/1/11) NAIC Representatives Discuss Modernization and Improvement with Federal Insurance Office (FIO) Staff
(11/16/11) NAIC Testifies Before Congress on Dodd-Frank Implentation
(7/28/11) Regulators Highlight State-Based Strengths to Congress at Insurance Hearin
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Financial Stability Oversight Council (FSOC)
Federal Insurance Office (FIO)
Regulatory Regime for Over-the-Counter (OTC) Derivatives Market
Non-admitted and Reinsurance Reform Act of 2010 (NRRA):