The Federal Reserve Board has come out with its latest annual report on what could make life insurance and annuity issuers — and the rest of the U.S. financial system — collapse like a house of ugly cards.
Fed financial stability risk trackers focused much more attention on banks, securities dealers, money market fund managers and other economic players than on life and annuity issuers.
But the Fed risk trackers do talk a little about the possibility that life and annuity issuers could cause financial system problems, or make the problems caused by other players worse.
For a look at five things the risk trackers said about the issuers' potential weaknesses, see the gallery accompanying this article.
The Federal Reserve Building in Washington. Credit: Shutterstock
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