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FHLB Membership Guidance Released by FHFA

USA - September 13 2021 On September 9, 2021, the Federal Housing Finance Agency (“FHFA”) released guidance regarding Federal Home Loan Bank (“FHLB”) membership eligibility.…

Matthew Bisanz, Jeffrey P. Taft.

US Federal Insurance Office Issues RFI on the Insurance Sector and Climate-Related Financial Risks

USA - September 1 2021 On August 31, 2021, the Federal Insurance Office (FIO) of the US Department of the Treasury published a request for information (RFI) on the insurance…

J. Paul Forrester.

NAIC’s SAPWG Exposes Proposed Definition of “Bond” for Purposes of SSAPs 26R and 43R

USA - June 21 2021 On May 20, 2021, the Statutory Accounting Principles (E) Working Group (SAPWG) of the Financial Condition (E) Committee of the US National Association…

J. Paul Forrester.

South Korea Moves Closer to Qualified Jurisdiction Status

South Korea - June 10 2021 Last week, the Reinsurance (E) Task Force (“Task Force”) of the National Association of Insurance Commissioners (“NAIC”) exposed for public comment…

David W. Alberts, Yuliya Feldman.

New York Department of Financial Services Issues Proposed Guidance for New York Domestic Insurers on Managing Financial Risks from Climate Change

USA - March 29 2021 On March 25, 2021, the New York Department of Financial Services (NYDFS) issued for public comment “Proposed Guidance for New York Domestic Insurers…

J. Paul Forrester, Matthew J. Gaul.