Federal Reserve Board officials are making clear that they have a wait-and-see attitude about support for international initiatives aimed at establishing uniform capital standards for insurance companies.

For example, at a House hearing last week, the agency’s general counsel, Scott Alvarez, said they “have a good working relationship” with state-insurance regulators, and “want to be educated” about insurance regulatory standards as it assumes responsibility for insurance oversight through provisions of the Dodd-Frank Act (DFA)

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