Dodd-Frank Financial Services Regulatory Reform: NAIC Initiatives
State Regulatory Initiatives
State Regulatory Initiatives Addressed Include:
NAIC Committees, Task Forces, and Subgroups Addressing Initiatives Include:
Signed by U.S. President Barack Obama into law July 23, 2010, The Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203) represents the federal government’s comprehensive response to the financial crisis that peaked in the fall of 2008. This special section details the efforts of the NAIC and state regulators addressing provisions of the law impacting state regulation of insurance.
Letter to the Federal Reserve, FDIC & OCC regarding Regulatory Capital Rules: Regulatory Capital, Implementation of Basel III, Minimum Regulatory Capital Ratios, Capital Adequacy, Transition Provisions, and Prompt Corrective Action
(04/20/12) NAIC Comment Letter to the Federal Reserve Regarding the Implementation of “Enhanced Prudential Standards” Rules
(2/10/12) NAIC Comment Letter to Federal Agencies Regarding the Implementation of the "Volcker Rule"
(12/7/11) NAIC Representatives Discuss Financial Regulation and Market Conduct with Federal Insurance Office (FIO) Staff
(12/1/11) NAIC Representatives Discuss Modernization and Improvement with Federal Insurance Office (FIO) Staff
(11/16/11) NAIC Testifies Before Congress on Dodd-Frank Implentation
(7/28/11) Regulators Highlight State-Based Strengths to Congress at Insurance Hearing