The Financial Stability Oversight Council released its third annual report on April 25, 2013, which fulfills its Congressional mandate under the Dodd-Frank Wall Street Reform and Consumer Protection Act to annually report on its activities, describe significant financial market and regulatory developments, analyze potential emerging threats, and make recommendations for additional steps that should be taken to strengthen the financial system.

This report referenced several insurance-related topics, including (a) the low interest-rate environment, life insurance companies responses to the dip in rates and their overall interest rate risk management strategies, (b) developing a framework for the supervision of large, global systemically important insurers and the Financial Stability Board’s and the International Association of Insurance Supervisor’s efforts on this front and (c) continuing efforts by the National Association of Insurance Commissioners to update the Insurance Financial Solvency Framework.

To view a copy of the report, click here.