Fed official: rules for 'too big to fail' insurance firms coming soon

The Federal Reserve will soon take up rules covering prudential standards and liquidity for insurance companies deemed "too big to fail" in hopes of heading off risks to financial stability, Fed Governor Daniel Tarullo said on Friday. In the coming weeks, it will also propose capital requirements for insurance firms it regulates, with separate tracks for the handful of companies designated as "systemically important" and for smaller holding companies that own banks. Under the Dodd-Frank Wall Str