Prudential Financial’s Sifi appeal casts doubt on US G-Sii powers
Disconnection between domestic and international Sifi processes means regulators could lack legal power to enforce G-Sii measures in some cases
International policy-makers may not be able to impose enhanced supervision on US insurance groups designated as global systemically important insurers (G-Siis) unless these companies are also designated as systemically important by the US authorities.
Three US insurers, Prudential Financial, MetLife and AIG, were designated as G-Siis by the Financial Stability Board (FSB) last month. Large US insurers are also currently going through a domestic process to determine whether they are systemically
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