Posts by Viktar Ramanovich

REGULATORY DEVELOPMENT Basel III Endgame – Update As covered in a previous LRA Update, there has been reporting that the federal banking regulators are planning to revisit the previously proposed capital rules referred to as Basel III Endgame. The re-proposal is expected to include lower aggregate capital increases compared to the original proposal. The banking…

LEGISLATIVE DEVELOPMENT Florida Bill to Restrict Employer-Owned Life Insurance On October 27 a Florida Assemblymember, Peggy Gossett-Seidman (R), filed House Bill 261, titled Restrictions on Employer-Owned Life Insurance. As drafted, this legislation is adverse to BOLI/COLI in the state of Florida. Among others, the bill includes the following restrictions: In discussions with insurers, we have…

REGULATORY DEVELOPMENTS Basel III Endgame – Update In October it was reported that the Federal Reserve is planning to revisit the previously proposed capital rules commonly referred to as Basel III Endgame. As we reported in our July 2024 and September 2024 LRA Updates, certain leadership at the FDIC and FRB had already recommended that…