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

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 i

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