IAIS valuation methodology for basic capital requirement flawed
Insurance industry demands clarity on crucial elements of capital requirement
Insurers could experience extreme balance sheet volatility under the valuation basis proposed for the new basic capital requirement (BCR), industry groups are warning.
The International Association of Insurance Supervisors (IAIS) last week published responses to its first public consultation on the BCR, which will apply to global systemically important insurers (G-Siis). It will be finalised in November 2014.
Trade associations and think-tanks have come out strongly against the IAIS's proposal
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