‘Statements of interest’ due Sept. 10 to be considered for Fed’s insurance advisory panel

Those who want to serve on the Federal Reserve Board’s new Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues (IPAC) have until Sept. 10 to submit statements of interest to the Fed, according to a Federal Register notice Friday.

The Fed plans to select members for the panel this fall and for the group to hold its first meeting Nov. 4 in Washington.

The IPAC was created under section 211(b) of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). The Fed says the panel will provide information, advice, and recommendations to the Fed Board on international insurance capital standards and other insurance issues.

The Fed announced its plans for the committee earlier this month, noting up to 21 members will be selected to serve staggered terms up to three years. The committee is expected to meet twice a year, it said.

Statements of interest in serving on the panel, submitted to IPAC@frb.gov, should include the interested individual’s full name, address, phone number, and email address. “At their option, candidates may also provide additional information for consideration as part of their interest in serving on the IPAC,” the Fed said.

Federal Register notice

RR: Fed begins process to fill EGRRCPA-mandated insurance panel, seeks ‘statements of interest’ in serving (July 3, 2019)