The Financial Stability Oversight Council will meet Thursday amid signs that the first designation of an insurer as systemically significant is imminent.
The public meeting will be held at 2:30 p.m. but the key decision by the FSOC will likely be made later in private session, and perhaps not announced for several days.
The implication is historic, because, according to officials of the Congressional Research Service, insurance has been regulated exclusively by the states for 150 years.
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