Q&A: IAIS secretary general on G-Siis, ComFrame and a global capital standard
Yoshihiro Kawai, secretary-general of the International Association of Insurance Supervisors, is the man in charge of building a new supervisory framework for both systemically important and internationally active firms. But his blueprints have proved controversial. Louie Woodall asks about his next steps
Five years on from the collapse of Lehman Brothers, regulators continue to seek ways to neutralise systemic risk in the financial system. While the immediate focus of policy-makers was on eliminating this risk within the banking sector, now that focus has widened to incorporate other financial institutions, including insurers. As a result, the International Association of Insurance Supervisors (IAIS) has found itself increasingly in the spotlight.
The IAIS has been charged by the Financial
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