Robert Engle is uneasy. An influential model developed by the Nobel prize-winning economist paints the largest insurers as a clear and present threat to financial stability, but over the past two months US regulators have taken a series of steps to shield these firms from tougher regulation.
On September 29, US prudential regulators declared AIG – recipient of one of the biggest government bailouts during the financial crisis – no longer a threat to financial stability. The following week, US r
The week on Risk.net, March 10-16 2018Receive this by email