Details

  • Service: Advisory, Risk Consulting, Financial Risk Management, Internal Audit and Regulatory Compliance
  • Industry: Insurance
  • Type: Publication series
  • Date: 10/1/2011

Are any insurers a SIFI? 

As significant uncertainty remains regarding the shape of the insurance regulatory landscape, KPMG has launched Insurance Regulation: On the Move – a publication that recognizes that regulation is at the top of the agenda.
Significant uncertainty remains regarding the shape of the regulatory landscape. As established by the Dodd-Frank Act, the Financial Stability Oversight Council provides oversight to ensure the stability of the United States financial system. On October 11th, the Council issued proposed guidance on nonbank companies related to the assessment process and criteria for the designation of nonbank companies as Systemically Important Financial Institutions. In response to their proposed guidance, KPMG LLP released the October edition of Insurance Briefing: On the Move, outlining the general process for determination for insurers.