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IAIS warned over plans to shut members out of committees

Observer members of international standard-setting body say proposed governance reforms will make policy development less open

locked-door2014
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

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