IAIS warned over plans to shut members out of committees
Observer members of international standard-setting body say proposed governance reforms will make policy development less open
The International Association of Insurance Supervisors (IAIS) has come under fire for proposing changes to its internal governance procedures that opponents say will make the organisation less transparent.
A public consultation on new procedures, issued by the IAIS on August 4, recommends abolishing the right of observer members to have open access to certain meetings. The proposal forms one part of a broader package of measures to improve the organisation's effectiveness. IAIS subcommittees
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