FIN. TeamThe Financial Stability Board (FSB), in consultation with the International Association of Insurance Supervisors and national authorities has published a statement which explains it has decided not to publish a new list of global systemically important insurers (G-SIIs) for 2017.
The FSB comments that the work of IAS in the insurance sector to develop an activities-based approach may have significant implications for the assessment of systemic risk in the insurance sector and hence for the identification of G-SIIs and for G-SII policy measures.
The FSB will review the situation in November 2018 based on IAIS’ progress on its approach.
