Financial Stability Board Opts Not to Amend List of Global Systemically Important Insurers or to Designate Reinsurers
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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.