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No plans to scrap systemic insurer rules, says IAIS chair

A US regulator claims Europeans asked IAIS to chart own course after FSB moved to ditch G-Sii list

Vicky Saporta, director - prudential policy, financial policy_BoE.jpg
Victoria Saporta: "Plan is to issue an interim consultation on the activities-based approach before the end of the year"
Bank of England
  • Callum Tanner
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The International Association of Insurance Supervisors has no plans to ditch rules being developed for global systemically important insurers (G-Siis), IAIS executive committee chair Victoria Saporta has told Risk.net.

“As far as the IAIS is concerned, we are developing an activities-based approach alongside an entities-based approach, as set out in February. The decision about the relationship between the two approaches is one for the FSB [Financial Stability Board] to make in due course and

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