Volcker Rule passes with no exemption for insurance-linked securities

Yesterday saw the issuance of the final ruling developed by five U.S. government agencies to implement the Volcker Rule, which is section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Back in March 2012 we wrote that SIFMA, the Securities Industry and Financial Markets Association, had highlighted some read the full article →

SIFMA seeks revision to covered fund definition of Volcker Rule for insurance-linked securities

Back in February we first wrote about the Volcker Rule which is part of the Dodd Frank Act and SIFMA, the Securities Industry and Financial Markets Association's attempt to highlight concerns about the way this rule could impact the issuance of insurance-linked securities and catastrophe bonds. Part of the rule, read the full article →

Insurers could get exemption from Volcker Rule, but what about ILS issuers?

The U.S. Securities and Exchange Commission (SEC) is now considering giving insurers an exemption from the Volcker Rule, which was added as part of Dodd-Frank. The ruling looks to restrict financial institutions from certain types of speculative investment strategies. SEC chairman Mary Schapiro said on Tuesday that they are now read the full article →

SIFMA highlights concern about the Volcker Rule to U.S. regulators

SIFMA, the Securities Industry and Financial Markets Association, have sent a comment letter to the Comptroller of the Currency, the Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) regarding proposed rules for read the full article →