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Financial Stability Board to assess riskiness of insurers across G20

Companies singled out for scrutiny are required to hold extra capital to cover potential losses. The shift in the FSB's approach is from the US treasury department

Reuters  |  WASHINGTON 

Global financial regulators have decided to ditch a "too big to fail" gauge for assessing the riskiness of insurers, according to a source briefed on the matter, in a big win for companies such as American International Group and Prudential Financial Inc. G20 Summit. Photo: PIB India The Financial Stability Board (FSB), which coordinates financial regulation across the Group of 20 Economies (G20), is expected to announce in coming weeks a switch in focus from insurers' size to their activities when deciding whether to subject them to increased regulatory ...

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First Published: Sat, November 11 2017. 10:21 IST