Lots on this topic to come over the next few months.
- IAIS chair Peter Braumüller acknowledged that traditional insurance does not “generate or amplify systemic risk” within the financial system or in the real economy. Although non-traditional risks do (derivatives exposures, CDS etc.)
- Meanwhile, the IAIS has released it’s proposals for identification and assessment of Globally Systemically Important Insurers (pdf)
- Third Country Equivalence thoughts from offshore jurisdictions.