Insurers braced for far-reaching recovery and resolution requirements
On August 12, one month after the designation of global systemically important insurers (G-Siis), the Financial Stability Board (FSB), the body set up by the G-20 to coordinate global financial reform efforts in the post-financial crisis world, published guidance on extending the heightened resolution principles originally designed for too-big-to-fail banks to insurers.
The annex to the so-called Key Attributes on Effective Resolution paper, which is under consultation until October 15, makes
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