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FSB delays designation of systemic reinsurers

Third delay to G-Sii process as standard-setters look to improve designation criteria for both insurers and reinsurers

Asia globe

The Financial Stability Board (FSB) has postponed the designation of global systemically important reinsurers, with regulators suggesting that worries about the assessment methodology may have stayed its hand.

The FSB said in a statement on November 6 that it would delay a decision on the systemic status of reinsurers "pending further development of the methodology" by the International

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