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
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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