Fed’s Quarles outlines ‘building block approach’ to insurance regulation

Regulator chose not to copy and paste banking sector regulations onto insurers, says vice-chair

Randal Quarles
Randal Quarles
Photo: US Federal Reserve

Federal Reserve vice-chair Randal Quarles outlined the central bank’s “building block approach” to setting capital requirements for insurers during remarks on January 9.

“We decided against applying the [Federal Reserve] Board’s bank holding company capital rules to supervised insurance firms at the enterprise level, in light of the very different business models of insurance and banking,” Quarles told a life insurance conference in Florida.

He said the Fed similarly chose not to mimic the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.