Last week, the International Association of Insurance Supervisors (IAIS) published for consultation its proposed holistic framework for the assessment and mitigation of systemic risk in the insurance sector. The IAIS hopes that the new framework will evolve its current approach to systemic risk by (i) recognising that systemic risk may arise from both the collective […]
Last Friday afternoon the EC adopted the Solvency II Delegated Act, which (if approved by the EP and the Council) would improve the capital treatment of STS-senior position for insurers (to be more closely aligned with covered bonds) as from 1st January 2019, but leaving non-senior STS and non-STS transaction holdings unattractive.
The plan to merge the banking regulator and the insurance regulator in China was announced at The National People’s Congress today (13 March 2018). The banking sector is currently regulated by the China Banking Regulatory Commission (中国银监会), and the insurance sector is currently regulated by the China Insurance Regulatory Commission (中国保监会). This move to […]