Systemic insurers to delay structural reform
Systemic risk management plans due in July will be vague and subject to review in future, lawyers predict
Systemically important insurers will stop short of committing to thorough restructuring plans until regulators fix global capital rules that will apply to risky activities, lawyers say.
This comes two months before the deadline for submission of systemic risk management plans (SRMPs), the first requirement that applies to global insurers deemed systemically important, a group of nine that includes Allianz, Generali and MetLife among others.
According to guidance published by the International
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