Decision on systemically important reinsurers delayed

Designation process will be postponed until November

basel-hq

The designation of global systemically important reinsurers by the Financial Stability Board (FSB) has been delayed.

In the summer of 2013, the FSB indicated it would release a list of reinsurers in July 2014. This will now be postponed to November.

Nine primary insurance firms were designated global systemically important insurers (G-Siis) on July 18, 2013. The FSB is scheduled to produce an updated list of primary G-Siis in November 2014, which would coincide with the new date for publication

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