The second consultation on the basic capital requirement (BCR) from the International Association of Insurance Supervisors is notable principally for what it is missing – leaving questions unanswered on contentious issues for insurers such as asset-liability matching and diversification.
The paper, released on July 9, outlines the framework for the BCR but defers some essential details of the workings of the capital requirement, which will apply to Global Systemically Important Insurers (G-Siis)
- Brexit novations ‘on hold’ to gain reg relief
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Banks hope final FRTB rules will ease NMRF burden
- Mifid data publishers drag feet on Esma guidelines
- Sefs, Libor fallbacks and risk governance in Asia