July 18, 2005 News Archive

Board Issues Paper Comparing Insurance and Banking Regulatory Frameworks offsite link
The National Association of Insurance Commissioners (NAIC)/Federal Reserve System (FRS) Joint Troubled Company Subgroup was one of four joint subgroups established by the NAIC and FRS to address implementation of the Gramm-Leach-Bliley Act enacted in 1999. The Subgroup's objective was to compare insurance and banking regulatory frameworks for identifying and supervising companies in weakened financial condition and the paper discusses many similarities between the frameworks used by these regulators. The paper, "A Comparison of the Insurance and Banking Regulatory Frameworks for Identifying and Supervising Companies in Weakened Financial Condition," was undertaken to foster effective communication and coordination between the state insurance departments and the FRS, consistent with the Gramm-Leach-Bliley Act. (PDF)

Special Edition--Chicago Fed Letter
A special edition of the Chicago Fed Letter discussing "Economy to Cruise at Speed Limit Through 2006" is now available. (PDF, 432KB)