IAIS warned over plans to shut members out of committees

Changes will prevent stakeholders raising 'red flags' to certain proposals

Locked out: IAIS under fire over lack of transparency

The International Association of Insurance Supervisors (IAIS) has come under fire for proposing changes to its internal governance procedures that opponents say will make the organisation less transparent.

A public consultation on new procedures, issued by the IAIS on August 4, recommends abolishing the right of observer members to have open access to certain meetings. The proposal forms one part of a broader package of measures to improve the organisation's effectiveness. IAIS subcommittees

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