SIFMA

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 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, formally known as Section 13 […]

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 considering exempting insurers activities in […]

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 implementing Section 13 of the […]