News & Events

LifeHealthPro, April 18, 2013. All Rights Reserved. New York insurance regulators have the captives industry and private equity firms that own annuity companies under a microscope for their effect on financial solvency and stability, and the fear policyholders may be left holding the bag. The use of captives of insurers places the stability of the broader […]

Politico, April 18, 2013. All Rights Reserved. FIRST LOOK III: LAWSKY ON REGULATORY COMPETITION — Excerpts from remarks New York Superintendent of Financial Services Ben Lawsky is to give this morning at the Minsky Conference at the Ford Foundation in NYC on “healthy competition” in financial regulation: “The New York State Department of Financial Services (DFS) […]

Reuters, April 18, 2013. All Rights Reserved. (Reuters) – The Federal Reserve’s ultra accommodative policies will inevitably result in financial market instability for years but such risks are necessary to boost employment and inflation, a top U.S. central bank official said on Thursday.  Likening the Fed to a Minnesotan heading out into the winter cold, […]

The Washington Post, April 18, 2013. All Rights Reserved. (Updates with Lawsky’s comment in the fourth paragraph.) April 18 (Bloomberg) — New York’s financial regulator is scrutinizing what he called the “troubling role” of private equity firms as they expand into the insurance industry through acquisitions, according to a speech today. Private-equity firms “may not […]

The Wall Street Journal, April 18, 2013. All Rights Reserved. A Federal Reserve official said Thursday interest rates are likely to stay very low for years to come, which raised the prospect that chronic financial instability risks will dog the economy for a long time. “For a considerable period of time, the [Federal Open Market Committee] may […]

Bloomberg Businessweek, April 18, 2013. All Rights Reserved. Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the central bank’s low interest rate policies, though necessary, will probably generate signs of financial instability. “Unusually low real interest rates should be expected to be linked with inflated asset prices, high asset return volatility and heightened merger […]

The Wall Street Journal, April 18, 2013. All Rights Reserved. NEW YORK – A Federal Reserve official said Thursday interest rates are likely to stay very low for years to come, which raises the prospect that chronic financial instability will be an enduring threat. "For a considerable period of time, the [Federal Open Market Committee] […]

MarketWatch, April 18, 2013. All Rights Reserved. WASHINGTON (MarketWatch) – Financial market conditions requiring the Federal Reserve to keep rates unusually low may persist for the next five to 10 years, said Narayana Kocherlakota, the president of the Minneapolis Fed Bank on Thursday. This low-rate environment, and Fed policy, in turn, can be expected to […]