National authorities have ‘moral obligation’ to introduce systemic risk measures - IAIS secretary general
The Financial Stability Board (FSB) has a "clear political mandate" to impose enhanced measures for the regulation of systemically important insurers, which national authorities should respect, insists Yoshihiro Kawai, secretary general of the International Association of Insurance Supervisors (IAIS).
The publication of a list of nine global systemically important insurers (G-Siis) by the FSB, and the IAIS's accompanying policy measures for their enhanced supervision, sparked controversy in July
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