Global capital standard raises calibration and consistency questions


Plans to enhance the supervision of internationally active insurance groups (IAIGs) have taken a disturbing turn of late. The International Association of Insurance Supervisors (IAIS) originally embarked on this project in the interests of fostering supervisory convergence and closing regulatory gaps. But over time it has morphed into something that closely resembles a whole new layer of regulation for IAIGs, much to the alarm of national supervisors, think-tanks, and the internationally active

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