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Roy Woodall, the independent insurance expert on the FSOC, spoke critically of the council's approach to its review of insurance companies as systemically risky, saying it does not provide the necessary direction, clarity or transparency to stakeholders.
Roy Woodall, the independent insurance expert on the FSOC, spoke critically of the council's approach to its review of insurance companies as systemically risky, saying it does not provide the necessary direction, clarity or transparency to stakeholders.
The NAIC said it has serious concerns about the timing, necessity and complexity of developing a risk-based global insurance capital standard given legal and regulatory differences around the globe, but that it intends to stay in the process rather than resist it.
The NAIC said it has serious concerns about the timing, necessity and complexity of developing a risk-based global insurance capital standard given legal and regulatory differences around the globe, but that it intends to stay in the process rather than resist it.
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