Fed rule change to impact investment portfolios: S&P

Incoming insurance regulations proposed by the US Federal
Reserve could force carriers to alter their investment portfolios,
according to rating agency Standard and Poor's (S&P).
S&P said mooted rule changes to exclude financial
institutions-issued securities and bank deposits from the list of
highly liquid assets insurers can use to support liquidity buffer
calculations could mean Fed-supervised carriers would have to
drastically reduce their exposure to those securities to become
compl