Loss-absorption proposals for systemically important insurers flawed
IAIS proposals will encourage regulatory arbitrage due to lack of global capital standard,experts warn
Proposals to increase the capital held by global systemically important insurance groups (G-Siis) are flawed and could lead to regulatory arbitrage, experts are warning.
The International Association of Insurance Supervisors (IAIS) is consulting on policy measures to reduce the risk of G-Siis harming the global financial system in the event that one collapses.
The IAIS proposes that G-Siis should hold additional capital, a so-called higher loss-absorption (HLA) capacity, to insulate against low
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