On the recordFebruary 10, 2016
we are committed to a formal rulemaking process in the development of a domestic insurance capital standard.
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congress.govwe are committed to a formal rulemaking process in the development of a domestic insurance capital standard.
Yellen emphasizes commitment to developing a domestic insurance capital standard.
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That those who were responsible for the failure of a bank should not be profiting when stockholders and investors in the bank are taking--forced to take losses.
It is important to be clear, shareholders and debt holders of the failed banks are not being protected by the government.
I think this is an area where congressional legislation is appropriate to create an appropriate prudential framework.