Global capital standard may require ‘adjustments’ to national supervisory regimes
European regulators prepared to reopen Solvency II to comply with future international quantitative standard
The global insurance capital standard (ICS) currently under development is likely to be the first of several attempts by international supervisors to create a harmonised solvency system and may compel national regulators to change their domestic regimes, the Institute of International Finance predicts.
The International Association of Insurance Supervisors (IAIS) is working on a harmonised regime for the supervision of internationally active insurance groups, known as ComFrame, including a
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