Systemic insurers to delay structural reform

Systemically important insurers will stop short of committing to plans

basel-hq

Systemically important insurers will stop short of committing to thorough restructuring plans until regulators fix global capital rules that will apply to risky activities, lawyers say.

This comes two months before the deadline for submission of systemic risk management plans (SRMPs), the first requirement that applies to global insurers deemed systemically important, a group of nine that includes Allianz, Generali and MetLife among others.

According to guidance published by the International As

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