Key takeaways

• On May 20, Federal Reserve Board Governor Tarullo delivered remarks at the National Association of Insurance Commissioners International Insurance Forum spelling out the Federal Reserve’s supervisory approach to insurance and in particular the expected framework for capital standards it will impose on the insurance companies it regulates.
• The speech lays out the Federal Reserve’s anticipated process for implementing capital and supervisory standards for insurers under its jurisdiction, which will include the June 3 issuance of proposed rules.