FSB delays designation of systemic reinsurers
Third delay to G-Sii process as standard-setters look to improve designation criteria for both insurers and reinsurers
The Financial Stability Board (FSB) has postponed the designation of global systemically important reinsurers, with regulators suggesting that worries about the assessment methodology may have stayed its hand.
The FSB said in a statement on November 6 that it would delay a decision on the systemic status of reinsurers "pending further development of the methodology" by the International Association of Insurance Supervisors (IAIS). The board stated that the IAIS would complete its revisions by
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