PCI Submits Comments on Fed’s ANPR on Capital Requirements
WASHINGTON – The Property Casualty Insurers Association of America (PCI) submitted comments yesterday on the Federal Reserve Board’s (Board) advance notice of proposed rulemaking (ANPR) on capital requirements for insurance holding companies that are either SIFIs (systemically important financial institutions) or affiliated with a depository institution. The following comment can be attributed to Steve Broadie, PCI’s, vice president, financial policy. “PCI applauds the Board for its appropriate recognition that an insurance group capital standard should be appropriately tailored to the