Insurers must prepare for far-reaching 'living wills' requirements


The question of how insurance groups that pose a systemic risk to the global financial system should be identified and regulated continues to evolve. In July, international policy-makers will publish a list of global insurers that are deemed to be systemically important, as well as additional policy measures for these groups. Designated firms will be subject to enhanced supervision and expected to comply with some extraordinary regulatory requirements.

A key part of this enhanced regime is the

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