Fears of disjointed regulation of systemically risky insurers grow
Harmonisation of US and global systemic risk frameworks needed as US proposes first Sifis, warns industry think tank
US insurers need greater clarity on how potentially competing proposals for the regulation of systemically important financial institutions (Sifis) will interact, experts are warning. This follows the announcement that two American groups, Prudential Financial and AIG, may be designated systemically important by the Financial Stability Oversight Council (FSOC) in the US.
The two groups received notice of a proposed determination by the FSOC that they are systemically important and should be
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