The Federal Insurance Office Act establishes the Federal Office of Insurance to provide for federal oversight of the insurance industry, with the exception of health insurance. The Financial Stability Improvement Act targets the systemic risk concerns addressed by the financial crisis. Its highlights include:

• Creates a Financial Stability Oversight Council to identify and monitor high-risk firms
• Raises capital requirements and limits leverage and market concentration among high risk firms
• Empowers the Federal Reserve to serve as agent to the Council and enhances the authority of the GAO
• New SEC rules will require creditors to keep 5 percent of the credit risk attached to loans that are transferred, sold or securitized
• Adds new restrictions on when and how financial companies receive government aid during times of crisis

View Financial Stability Improvement Act summary
View Federal Insurance Office Act

FrontLine Compliance, LLC is a regulatory compliance consulting firm of former high-level regulatory insiders offering customized services to broker-dealers, investment advisers, investment companies, hedge funds, and insurance company affiliates. Staffed by former SEC and FINRA regulators, and chief compliance officers, FrontLine Compliance provides the kind of industry knowledge, experience and expertise on regulatory issues only available from well-seasoned insiders. For more information about the firm, please visit www.frontlinecompliance.com.

FrontLine Compliance, LLC
phone: 888-518-8070
email: info@frontlinecompliance.com
www.frontlinecompliance.com
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