US blocking new list of global too-big-to-fail insurers

US wants designation suspended until new, activities-based approach is ready

Locked file
Locked: US regulators are blocking a G-Sii list update

US regulators are blocking efforts to update a global list of too-big-to-fail insurers, leaving the designated firms in regulatory limbo and raising questions about the current entity-based approach to managing systemic risk in the industry.

US representatives on the Financial Stability Board are refusing to endorse a 2017 revision of the list of global systemically important insurers, due for publication in November, according to two sources with knowledge of proceedings.

The impasse leaves i

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