Dodd-Frank Act and Systemic Risk

edited March 2023 in Porter.2-Devlpt

I've seen a couple prior exam questions about the role of the federal government or the effect of federal regulation on insurers as a result of the Dodd-Frank Act, and the sample responses to don't reference the FSOC authority over SIFIs such as AIG. This is one of the most important elements of DFA, so it's easy to remember, but will we not get credit for this response? Is this topic not in the readings?

Examples:

2014F, Q3b: I would say that DFA allows enhanced prudential supervision of SIFIs in response to the financial crisis.

2015S, Q3c: I would say the biggest extension of federal influence is to regulation of SIFIs, including insurance groups

Comments

  • In the wiki, these two questions reference the Baribeau article. The wiki notes of the Baribeau article include regulation of SIFIs.

    The sample answers are generally not exhaustive of all possible answers.

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