Keeping faith: IAIS rebuffs view G-Sii concept will die
But firms see workplan announcement as step away from focus on high-risk entities
If certain global insurers are correct, the idea of designating a handful of firms as systemically risky is facing an inevitable demise.
On 28 February, the Switzerland-based International Association of Insurance Supervisors (IAIS) announced it was developing an activities-based approach to assessing systemic risk in the insurance sector, as part of the next three-year cycle of its supervision efforts.
Insurers have seized on the idea this could mean the list of nine global systemically risky
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