WASHINGTON—The Federal Reserve Board on Tuesday announced that it will be seeking detailed financial and other data from the insurance companies and insurers with thrifts it regulates as it starts the process of tailoring its regulatory metrics to coincide with its mandated role of overseeing them.
Sources familiar with the Fed thinking said it will be a voluntary data collection from insurance companies designated as systemically significant and insurance companies designated as savings and loan holding companies.
They will be asked to fill out a questionnaire, providing data, which will then be aggregated and used to evaluate the agency's options for a capital regime under the Collins amendment, according to sources.
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