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Trade associations blast ‘flawed’ Basic Capital Requirement

Industry groups in US and Europe voice 'deep concerns' with calibration of future requirement for world’s largest insurers

bank-for-international-settlements

Insurance industry groups have condemned the Basic Capital Requirement (BCR) proposal for global systemically important insurers (G-Siis) as bankcentric and out of kilter with insurers' business models.

The International Association of Insurance Supervisors (IAIS) closed its second consultation on the BCR on August 8. A number of industry responses have been made publicly available, many

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