Financial Stability Board (FSB)
Insurers braced for far-reaching recovery and resolution requirements
For the past couple of years, insurers have watched at a safe distance banks struggling to learn their way around living wills. Only last month did they realise the extent to which they will be put through similar hardships. The Financial Stability Board…
Global capital standard raises calibration and consistency questions
International efforts to develop a global capital standard are gathering pace, but the plans are controversial, raising fears that the competitiveness of international insurance groups could be damaged. There are also questions over how any global…
Multiple trade repositories cause reporting headache in Asia
A fragmented view
The IAIS’s systemic risk proposals are contentious, but a global capital standard will be even more so
The IAIS’s systemic risk proposals are contentious, but a global capital standard will be even more so
Global insurer systemic risk proposals stoke controversy
Saving the system
NAIC calls for coordination of US and international systemic risk regimes
Financial Stability Board's G-Sii regime should be consistent with US Sifi rules, says NAIC chief
CPSS, Iosco and FSB publish reports on FMIs
CPSS and Iosco says member states are making ‘substantial progress’ towards establishing their principles for financial market infrastructures
Supervisors to assess whether new powers needed to impose capital charge on G-Siis
US state regulators warn of ‘two-tier’ system developing
G-Sii proposals signal acceleration of plans for global capital standard
But concerns about disjointed global accounting standards
'Opaque and arbitrary' systemic risk methodology frustrates insurers
Designated insurers could come off G-Sii list when revised in 2014
Insurer recovery plans will be key issue in systemic risk debate
Insurance Risk launches updated, interactive iPad app
Insurers must prepare for far-reaching 'living wills' requirements
Systemically important international insurers will be required to design their own recovery and resolution plans in case of severe financial distress, as part of new requirements by regulators to protect the wider financial system. But there are fears…
Prudential Financial Sifi appeal ‘futile’
US insurers face re-designation if initial determination overturned
Reinsurers question separation of systemic risk designations
Regulators will publish separate lists for systemically important insurers and reinsurers a year apart
Fears of disjointed regulation of systemically risky insurers grow
Harmonisation of US and global systemic risk frameworks needed as US proposes first Sifis, warns industry think tank
Lack of co-ordination of bank resolution regimes behind subsidiarisation push
Asia still behind on global rules forcing subsidiarisation of foreign banks in the region
Systemic risk debate hots up over variable annuities and ILS
In defence of the non-traditional
Designation of systemically important insurers hit by delay
Publication of list pushed back from April
AML and framework change at Nordea
Anders Meinert Jørgensen, head of group operational risk at Nordea, talks AML awareness and pace of framework change at the bank
Global margin standards face further delays
Proposals to collateralise non-centrally cleared derivatives could now be subject to further consultation and impact assessment, having missed the original end-of-2012 deadline
Banks should give more info on RWAs and models, says FSB
It is impossible for investors to understand modelling differences between banks, FSB report warns
Systemic risk methodology continues to worry insurers
Punitive reform
Regulators focus on LEIs in derivatives reporting push
Identification parade
Central banks working on liquidity support for CCPs, says BoE’s Tucker
International regulators and central banks trying to avoid "nightmare" of fragmented clearing system