The Risk Management Blog
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The Great Recession is not known for inspiring great things, but it did spur the creation of the Dodd-Frank bill, which, among many things, created the Financial Stability Oversight Council and the Federal Insurance Office. And the near-collapse of the U.S. economy did wonders for the discipline of risk management. As a result, according to [...]
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In light of the financial crisis, the Obama administration found it necessary to form a group of individuals to identify risks to the financial system. In July, the Financial Stability Oversight Council was formed, but has not received much press until today — the day of its first ever meeting. Headed by Treasury Secretary Tim [...]
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Whether you like it or not, the Dodd-Frank Wall Street Reform and Consumer Protection Act is now law. Passed by the Senate finally last week and signed by President Obama yesterday, financial reform will have wide-ranging implications for the financial services sector (including the insurance industry), the rest of corporate America and, really, just the [...]
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