Tag: G-SII
G20 Leaders Declaration – Los Cabos 18-19 June 2012
On 20 June 2012, the G20 published its leaders’ declaration following the close of the Los Cabos summit. The declaration was wide-ranging, but on the subject of economic stabilisation and the global recovery, the G20 affirmed its support for the ‘consideration of a more integrated financial architecture, encompassing banking supervision, resolution and recapitalization, and deposit […]
Recovery and Resolution Plans for Globally Systemically Important Insurers by Mid-2014
Introduction On 31 May 2012 The International Association of Insurance Supervisors (the “IAIS”) published a consultation paper (endorsed by the FSB) concerning its proposed assessment methodology for the identification of globally systemically important insurers (“G-SIIs”), being any insurer “whose distress or disorderly failure, because of their size, complexity and interconnectedness, would cause significant disruption to […]