Thursday, November 19, 2009
Pimco's New Job Raises Concerns
...In the high-profile assignment for the National Association of Insurance Commissioners, announced Tuesday evening, Pimco's advisory business will estimate losses in insurers' holdings of residential-mortgage bonds, estimates regulators will use to determine for 2009 the capital insurers must hold to back these bonds up. Previously, the NAIC used rating-agency ratings in its capital guidelines... The conflicts issues arise via Pimco's owner and its clients. Pimco is a unit of a global insurer Allianz SE of Germany, which also owns a life insurer in Minneapolis... WSJ: Pimco's New Job Raises Concerns
Permalink posted by markw @ 5:35 AM 
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