NU Online News Service, Sept. 30, 2:21 p.m. EDT
Global insurers waiting to find out if they will be subject to increased capital rules will not know the answer until a study of global systemically important financial institutions (G-SiFis) is complete, the International Association of Insurance Supervisors says.
Reporting on the meeting of regulators that is taking place in Seoul, Korea, Reuters says Peter Braumueller, chairman of IAIS executive committee, held a press briefing saying members are discussing different ways the rules may be implemented and that ultimately it could look very different from what the rules are for banking.
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