04/22/2015
https://www.congress.gov...
"If any institution engages in activities like securities financing transactions, those activities should absolutely--absolutely--be subject to the same capital rules as banks."
"I think that our witnesses today made a pretty bulletproof case that the nature of the insurance industry is sufficiently different from the nature of banking to merit a different capital regime."
"In 2011, Senator Johanns and I sent a letter with a group of 20 of our colleagues representing large numbers of colleagues in both parties agreeing that Dodd-Frank gives regulators the flexibility to ..."
"I agree with New York's Banking Commissioner Ben Lawsky, who regulates some of the Nation's largest insurers, that applying bank capital standards to insurance is like trying to, as he said, 'fit a sq..."