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Fed extends comment period for insurance capital standards proposal

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Fed extends comment period for insurance capital standards proposal

The Federal Reserve Board has extended the comment period fora notice of proposed rulemaking that examines capital standards for insurers.

The comment period now lasts until Sept. 16. Previously, commentswere due Aug. 17.

The Federal Reserve's proposed approach, called the consolidatedapproach, would apply to systemically important insurers. Another, the buildingblock approach, would apply to supervised insurance companies that own a bank orthrift.

The proposed rulesinclude minimum capital requirements and broader standards for liquidity risk andrisk management.