Credit FAQ: Understanding Standard & Poor?s Request For Comment For Rating Insurance Companies Jul 12
- Language: English
- Published: July 2012
On Dec. 20, 2011, The Board of Governors of the Federal Reserve System published a request for comment (RFC) on proposed rules that address sections 165 and 166 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA). The proposals include minimum risk-based capital and leverage requirements, liquidity standards, general risk-management guidelines, counterparty credit limits, and stress-test requirements, plus early remediation requirements. The proposed rules outlined in the RFC apply to "covered companies," as the DFA defines. Covered companies generally include bank holding companies with consolidated assets of at least $50 billion and nonbank financial companies, as designated by the Financial Stability Oversight Council. The proposals fall within Standard & Poor's Ratings Services' expectations, and we've already incorporated them...
Companies mentioned in this report are:
- Goldman Sachs & Co.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues. SHOW LESS READ MORE >