NAIC calls for coordination of US and international systemic risk regimes
Financial Stability Board's G-Sii regime should be consistent with US Sifi rules, says NAIC chief
Global and US initiatives to supervise systemically important insurance companies need to be coordinated to ensure that international rules are enforceable in the US, according to officials at the National Association of Insurance Commissioners.
Three US insurers, Prudential Financial, MetLife and AIG, were designated as global systemically important insurance companies (G-Siis) by the Financial Stability Board (FSB) in July. At the same time, large US insurers are also currently going through a
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