On July 25, 2016, the US Federal Reserve Board extended until September 16, 2016, the comment period for the advanced notice of proposed rulemaking detailing conceptual frameworks for capital standards that could apply to systemically important insurance companies and to insurance companies that own a bank or thrift. The Federal Reserve Board proposal presents one approach, known as the “consolidated approach,” that would apply to systemically important insurance companies and a second approach, referred to as the “building block approach,” for the supervised insurance companies that own a bank or thrift. The Federal Reserve Board extended the comment period, originally set for August 17, 2016, to allow interested persons more time to analyze the issues and prepare their comments.

The proposed rule is available at: http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20160725a1.pdf