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US reform could be a positive: S&P
23 July 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act should not have an immediate credit impact on ratings and could even help US insurance/reinsurance companies maintain their competitive positions in the global marketplace, according to S&P.
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Dodd-Frank Wall Street Reform and Consumer Protection Act
S&P
standard & poor's
The Dodd-Frank Wall Street Reform and Consumer Protection Act should not have an immediate credit impact on ratings and could even help US insurance/reinsurance companies maintain their competitive positions in the global marketplace, according to Standard & Poor's Ratings Services.
The Federal Insurance Office (FIO) within the US Department of Treasury will monitor all aspects of the insurance industry and will have an advisory voice on the Financial Stability Oversight Council. The office will also represent the US in the International Association of Insurance Supervisors and assist...
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