WASHINGTON—The International Association of Insurance Supervisors (IAIS) on Thursday unveiled what it envisions as a uniform capital framework for internationally active insurers, or global systemically important insurers (G-SIIs).
Called the "Basic Capital Requirement," or BCR, analysts see it as the likely template for the future capital standard framework the Federal Reserve will impose on domestic insurers it regulates or SIFIs, systemically important financial institutions.
David Snyder, vice president international policy for the Property Casualty Insurers Association of America (PCI), said PCI is still reviewing the policy unveiled by the IAIS.
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