No plans to scrap systemic insurer rules, says IAIS chair

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

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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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