Global capital standard may require ‘adjustments’ to national supervisory regimes

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The global insurance capital standard (ICS) currently under development is likely to be the first of several attempts by international supervisors to create a harmonised solvency system and may compel national regulators to change their domestic regimes, the Institute of International Finance predicts. The International Association of Insurance Supervisors (IAIS) is working on a harmonised regime for the supervision of internationally active insurance groups, known as ComFrame, including a qu