Financial Stability Board (FSB) News

Some European Insurers, Pension Funds Build Loan Books to Rival Banks

Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London’s genteel Belgravia, several miles from the “Square …

Global Regulators Set Capital Rules for 9 Too-Big-to-Fail Insurers

Nine too-big-to-fail insurers, including American International Group Inc., Allianz SE and MetLife Inc., must start reporting capital ratios next year using a method presented by regulators today. The International Association of Insurance Supervisors has completed drafting “the first-ever global insurance …

G20 Regulator Toughens Rules for Non-Bank Financing

Global regulators are making it more expensive for hedge funds and insurance companies to raise money from loaning shares in a bid to curb hitherto unregulated risks in “shadow banking.” Securities financing are typically short-term money-raising transactions between banks and …

Global Insurance Organization’s G-20 Delegates Stress Social, Economic Role

In a series of meetings this week with the Australian G-20 Presidency, the Global Federation of Insurance Associations (GFIA) has called on the G-20 to “ensure that all international regulatory reform initiatives allow the insurance sector to continue to support …

Regulators Map Out First Capital Blueprint for Large Insurers

The world’s largest insurers could be forced to raise fresh capital under rules proposed by regulators on Wednesday that echo measures imposed on the banks to avert another financial crisis. The insurance industry says it wasn’t to blame for the …

FERMA Forum Opens with Solvency II Analysis from Karel Van Hulle

The bi-annual Risk Management Forum of the Federation of European Risk Management Associations (FERMA) kicked off with a reception on Sunday night for the 1400 plus delegates at the MECC Conference Center in the Dutch city of Maastricht. FERMA got …