Size shouldn’t matter in ‘too big to fail’ test: Geneva Association
The criteria for designating "too big to fail" insurers recently proposed by the International Association of Insurance Supervisors (IAIS) is too focused on size and should exclusively target systemically risky non-insurance related activities, a leading insurance lobby group and think tank has argued.
The Geneva Association has supported the majority of the IAIS methodology for assessing which insurers will make it onto the final list of global systemically important insurers (G-SII)'s. The IAIS released the proposed rules at the end...
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