Why the Fed chair needs to care about financial regulation

The writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions.

Federal Reserve Board Chairman Jay Powell delivered a masterful speech on Friday to the annual Economic Policy Symposium sponsored by the Federal Reserve Bank of Kansas City. He focused almost exclusively on the Fed’s inflation outlook and when it might start slowing its asset purchases.

He did not mention bubbly conditions in financial, commodity, and real estate markets, nor the dangerous buildup of leverage in the business and corporate sector as potential threats to system stability. He did not discuss

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New Regulation On Activities To Be Evaluated Within The Scope Of Insurance Services And On Distance Insurance Contracts Has Been Published – Insurance


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The new regulation details the rules on the insurances that can
be provided linked to goods and services offered by businesses
whose primary business activity is not insurance brokerage which is
becoming to stand out in practice.

As per the new regulation, business processes carried out under
the abolished regulation will be required to be compliant with the
new Regulation by 1 September 2021.

Accordingly, with the new regulation, insurance intermediaries,
banks and institutions incorporated under special laws and
authorized to act as insurance

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