U.S. regulators say international capital standard must be good for U.S.

Insurance industry officials, including Fed senior adviser Tom Sullivan and FIO Director Michael McRaith, sported green ties at a regulatory conference in Washington on St. Patrick’s Day, but sounded a patriotic note of red, white and blue in their approach to accepting any global insurance capital standards. They said an international capital standard will be accepted only if it is good for U.S. policyholders and companies.

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