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08 December 2010

FT: Insurers challenge watchdog over Sifis


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Zwei der größten europäischen Versicherungsunternehmen haben die Befürchtungen der Branche aufgenommen an die strengen Regulierungsvorschriften gebunden zu werden, die vom Financial Stability Board erlassen werden, die die Aufsicht über internationale Gesetzesänderungen führt.


Raj Singh, chief risk officer of Swiss Re, and Axel Lehmann, his counterpart at Zurich Financial Services, told at a meeting of the FSB in Basel that the industry was concerned at proposals to develop a confidential list of very large and systemically important insurers alongside that of banks.

The FSB is due to make decisions by March or April next year on which global financial groups should be deemed systemically important financial institutions, or Sifis, and what will that mean in terms of extra capital requirements and supervision.

Full article (FT subscription needed)



© Financial Times


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