Fears over FSB 'influence' on global insurance capital standard

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The influence of the Financial Stability Board (FSB) in the development of a global insurance capital standard (ICS) is fuelling concerns that the standard may be inappropriate for the insurance industry.

The International Association of Insurance Supervisors (IAIS) unveiled its plans for the ICS last week, explaining it will be included as part of its common framework for the supervision of internationally active insurance groups (ComFrame).

But the IAIS is facing criticism that these plans go