The capital requirement for each regulated insurance or depository institution subsidiary generally would be based on the regulatory capital rules of that  9  6  The SAP are a set of accounting rules for insurance companies established by the NAIC and used to prepare those companies' financial statements.
BIS central bankers’ speeches  subsidiary's lead regulator – whether a state or foreign insurance regulator or a federal banking regulator for depository institutions. The regulatory capital requirement for any non-insurance, non-banking subsidiaries – which at present are relatively minor parts of these firms – would probably be determined under the standardized risk-based capital rules applicable to affiliates of bank holding companies.