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FSOC ratifies vote on activities-based approach to systemic risk
06 December 2019Move welcomed by life insurers’ association
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Setting the record straight on ICS 2.0
28 May 2019Paul Walsh speaks to Victoria Saporta, IAIS executive committee chair, to discuss the outlook for the global insurance capital standard (ICS)
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International capital standards: the US's chorus of disapproval
16 May 2019Development of the global insurance capital standard (ICS) has always been controversial. But the level of ire expressed by the US government, regulators and insurers at this week's NAIC conference was unprecedented. Sarfraz Thind reports
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Mnuchin aims broadside at Insurance Capital Standard
14 May 2019US Treasury secretary spells out US concerns at NAIC’s international insurance forum
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Prudential Financial loses Sifi status
17 October 2018Insurer does not pose threat to financial stability, say US regulators
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MetLife victorious in Sifi litigation
19 January 2018FSOC agrees to end appeal against rescinding systemic risk designation
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AIG loses US systemic risk status
30 September 2017FSOC votes 6-3 to remove Sifi tag
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A death knell for the Sifi designation?
02 May 2017The US inquiry into the designation of non-bank systemically important financial institutions looks likely to see insurers AIG and Prudential Financial shed the label, while ensuring the court appeal against MetLife becomes obsolete. What will replace Obama's post-crisis regulation and will it affect the international process? Callum Tanner reports
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Insurers split on recovery and resolution planning
16 March 2017As the IAIS looks to develop a market-wide approach to systemic risk, Eiopa is developing rules that will require recovery and resolution plans from all insurers regardless of their size. This broader approach to systemic risk has split industry opinion and pitted large firms against small. Callum Tanner reports