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Annex A | Glossary of Relevant Regulatory Bodies
FDIC
The U.S. Federal Deposit Insurance Corporation.
Federal Reserve Board
The Board of Governors of the Federal Reserve System of the United States, which oversees the central bank of the United States and helps to implement U.S. monetary policy.
FIO
The Federal Insurance Office. Established by Dodd-Frank as an office within the United States Department of the Treasury to monitor the insurance sector in the United States and to represent the United States on international insurance matters.
FSB
The Financial Stability Board. An international body formed by the G-20 in 2009 to promote reform of international financial regulation.
FSOC
The Financial Stability Oversight Council. Established under Dodd-Frank to provide comprehensive monitoring of the financial system in the United States.
IAIS
The International Association of Insurance Supervisors. A member of the FSB, the IAIS is a voluntary membership organization of insurance supervisors and regulators from more than 200 jurisdictions.
IMF
The International Monetary Fund. An organization of 188 countries established in 1944 to work toward securing international financial stability, among other reasons.
NAIC
The National Association of Insurance Commissioners. The U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories.
SEC
The U.S. Securities and Exchange Commission.
Treasury
The U.S. Department of the Treasury.
USTR
TheOfficeoftheUnitedStatesTradeRepresentative. Executive agency responsible for developing and recommending U.S. trade policy to the President.
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Developments and Trends in Insurance Transactions and Regulation 2015 Year in Review