ABSTRACT

Third Treasury Report on Regulatory Relief: Asset Management and Insurance [November 30, 2017]   [open pdf - 127KB]

"On October 26, 2017, the Department of the Treasury issued a report, 'A Financial System That Creates Economic Opportunities: Asset Management and Insurance,' which examines the regulation of those industries. It is the third in a series of reports written in accordance with Executive Order 13772 issued by President Donald Trump on February 3, 2017, which directs the Secretary of the Treasury to report on how the financial system is regulated and how regulation could be improved. The report examines asset management and insurance and makes recommendations for changes to how they are regulated. The recommendations are generally aimed at providing regulatory relief and achieving certain stated goals: appropriately addressing systemic risk and firm solvency, increasing the efficiency of regulation, appropriately engaging in international regulatory forums and bodies, and promoting economic growth and informed choices. This Insight briefly examines the report and selected recommendations made in it."

Report Number:CRS Insight, IN10830
Author:Perkins, David W.
Webel, Baird
Publisher:Library of Congress. Congressional Research Service
Date:2017-11-30
Copyright:Public Domain
Retrieved From:Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
Format:pdf
Media Type:application/pdf
URL:https://www.hsdl.org/?view&did=806206
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