Regulators clash over global capital standard for insurers
Harmonised quantitative requirements no 'silver bullet', says US state regulator
Regulators are locked in a dispute on a proposed global capital standard currently in discussion within the International Association of Insurance Supervisors (IAIS).
There are fundamental disagreements between regulators on how the IAIS should advance its work to develop a common framework (known as Comframe) for the supervision of internationally active insurance groups (IAIGs) and regulation of global systemically important insurers (G-Siis).
Some regulators are questioning whether a global
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