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Financial Stability Board Opts Not to Amend List of Global Systemically Important Insurers or to Designate Reinsurers
11 November 2014
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On November 6, the Financial Stability Board (“FSB”) announced that it had decided not to revise the existing list of global systemically important insurers (“G-SIIs”).
The FSB also announced that it had delayed its designation of reinsurers as G-SIIs pending further development of the G-SII assessment methodology.
The International Association of Insurance Supervisors is expected to complete its revision of the assessment methodology by November 2015.
Alexander R. Cochran
E. Drew Dutton
Thomas M. Kelly
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