Prudential Loses Appeal, Is Designated a SIFI by FSOC
Under the Dodd-Frank Act, Prudential is entitled to bring an action within 30 days in federal court to have the final determination rescinded.
Roy Woodall Confirmed for FSOC Post
Roy Woodall, nominated for the only voting seat of three on the Financial Stability Oversight Council devoted to insurance experts, was confirmed on Tuesday in the Senate.
Insurance Rep Blasts FSOC at House Hearing
At a hearing before the House Financial Services Committee oversight subcommittee on the role and actions of the FSOC on Thursday, John Huff, Missouri’s director of insurance and a representative of the NAIC, voiced discontent with representation on the council for the industry.