The confluence of insurance regulatory reform at the international, federal and state levels was the topic of discussion before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity at a hearing entitled: “Insurance Oversight: Policy Implications for U.S. Consumers, Businesses and Jobs.”
American Insurance Association (AIA) President and CEO Leigh Ann Pusey, testifying on behalf of the organization as well the Financial Services Roundtable, expressed concern that efforts by American and European regulators to indentify systemically important financial institutions (SIFI) may overlap.
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