Paving the way for votes before both houses of Congress next week, House and Senate conferees agreed on a final version of a bill that will significantly alter financial services regulation.
Birthed in the wake of the financial crisis, the legislation is primarily aimed at reigning in systemically risky behavior by banks, but has profound implications for insurance companies. With the bill’s passage and presidential imprimatur widely expected, insurers will soon face a federal insurance regulator for the first time.
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