A U.S.-based bank holding company wants to merge with an insurance company. Which organization would be the primary regulator of this organization assuming the merger is allowed? The International Association of Insurance Supervisors (IAIS)The Consumer Financial Protection BureauThe Financial Stability Oversight Council (FSOC)The FedNYSE standards for independent directors include which of the following? Audit committee members must be certified independent auditorsIndependent directors must have an eight-year cooling-off period with the companyNominating, compensation, and audit committees must be comprised solely of independent directorsThe board must determine that the director has an immaterial number of the company's shares

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Asked Oct 6, 2019
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  • A U.S.-based bank holding company wants to merge with an insurance company. Which organization would be the primary regulator of this organization assuming the merger is allowed?

 

  1. The International Association of Insurance Supervisors (IAIS)
  2. The Consumer Financial Protection Bureau
  3. The Financial Stability Oversight Council (FSOC)
  4. The Fed
  • NYSE standards for independent directors include which of the following?

 

  1. Audit committee members must be certified independent auditors
  2. Independent directors must have an eight-year cooling-off period with the company
  3. Nominating, compensation, and audit committees must be comprised solely of independent directors
  4. The board must determine that the director has an immaterial number of the company's shares
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Expert Answer

Step 1

As per guidelines I answer the first question. Please re-post the required question for answers.

Step 2

Correct answer – 4. The Fed

 Explanation:

Fed is the federal reserve. Its function is for supervising, monitoring, examining and inspecting financial institutions to ensure that it operates by complying with rules and regulations. The federal reserve establishes rules issuing specific reg...

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