Financial stability board (fsb)
Swiss Re managing director Philippe Brahin says substitutability a diminishing issue and interconnectedness overstated
US lawmakers and insurance regulators are increasingly critical of the extent to which the Financial Stability Board might be influencing the designation of US systemically important financial institutions...
The decision about which reinsurers might be designated as globally systemically important has been pushed back to November
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Financial stability board (fsb) articles
Conduct risk and corporate culture are live issues for Steve Verney, chief risk officer at Allstate, but he also sees the need for risk involvement in business decision making – and preparation for possible reform of capital rules
Rights and responsibilities of supervisory colleges should be clarified, say insurers
Trafigura, Vitol and other trading houses unlikely to be captured by proposed criteria for global systemically important financial institutions
Public- and private-sector experts have worked hard over the past three years to develop the framework for a global legal entity identifier system, but more effort is needed to create consistent data standards for financial instruments and transactions,...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.