July 1, 2019 | The 2019 DFAST and CCAR analyses by US bank regulators have demonstrated, once again, the financial strength of large US banks. The Federal Reserve Vice Chair for Supervision stated, “The stress tests have confirmed that the largest banks are both well capitalized and place a high priority on strong capital planning processes . . .
March 18, 2019 | US life insurance GAAP (Generally Accepted Accounting Principles) changes are expected as early as 2021. The reforms focus on long-duration contracts such as life insurance, disability, long-term care and annuities . . .
March 12, 2019 | Several prominent European banks ― such as Danske Bank in Denmark ― have been accused of having inadequate systems to detect and report suspicious activity potentially related to money laundering . . .
