NAMIC Comments to FSOC on Supervision and Regulation of Certain Nonbank Financial Companies


NAMIC Comments to FSOC on Supervision and Regulation of Certain Nonbank Financial Companies

In December 2011, NAMIC filed comments with the Treasury Secretary as Chair of FSOC, on the on the revised rulemaking regarding the authority to require supervision and regulation of certain nonbank financial companies. NAMIC expressed NAMIC its pleasure that the thresholds and seemed to indicate that property/casualty insurers will not be the focus of the Council’s designation efforts and urged the FSOC to avoid any anti-competitive consequences and added costs in the market by designating any property/casualty insurer as a SIFI.

Contacts

Matt Brady
Senior Director of Advocacy Communications

202.580.6742

  Matt