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

The Federal Reserve will soon take up rules for insurance companies deemed "too big to fail" intended to head off risks to U.S. financial stability, as well as requirements on how much capital firms across the industry should hold, Fed Governor Daniel Tarullo said on Friday. The capital requirements to be unveiled in the coming weeks will follow two tracks: one for the handful of insurance companies designated as "systemically important" and one for smaller holding companies that own banks. Unde