Roger W Ferguson, Jr: Globalization, insurers, and regulators: shared challenges call for collaborative solutions Remarks by Mr Roger W Ferguson, Vice Chairman of the Board of Governors of the US Federal Reserve System, at the National Association of Insurance Commissioners (NAIC) International Insurance Symposium, Washington DC, 23 February 2006.
As you all know, financial services are undergoing major change and we are already in a period of transition driven by innovation and changes in consumer preferences. Increasingly people are accessing their financial services digitally, while some continue to favour a traditional means of access. Through this period of transition, the Central Bank aims to continue to protect consumers' interests.