A Financial System That Creates Economic Opportunities Asset Management and Insurance

02/11/2017 AEFR Visiter le site source

Table of Contents
Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Introduction 3
Scope of This Report 3
Review of the Process for This Report 4
Asset Management Industry in the United States 4
Insurance Industry in the United States 5
Summary of Issues and Recommendations 6

Asset Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Introduction 13
The Regulatory Structure of the Asset
Management Industry 18
Systemic Risk and Stress Testing 29
Efficient Regulation and Government Processes 32
International Engagement 55
Economic Growth and Informed Choices 64

Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71

Introduction 73
The Regulatory Structure of the Insurance Industry 80
Systemic Risk and Solvency 97
Efficient Regulation and Government Processes 105
International Engagement 130
Economic Growth and Informed Choices 140

Appendices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145

Appendix A: Participants in the Executive Order
Engagement Process 147
Appendix B: Regulatory and Legislative Recommendations 153

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