International Association of Insurance Supervisors (IAIS)
Current models limited says Joint Forum report
A report by the Joint Forum – a group looking at issues common to the banking, insurance and securities exchange sectors - says risk aggregation models used by all three industries contain significant weaknesses
IAIS confirms ambition to develop global Solvency II standard
At least 17 national insurance supervisors have signed on to plans for an internationally harmonised regulatory insurance standard similar to Solvency II, the International Association of Insurance Supervisors (IAIS) has confirmed.
OECD and IAIS release corporate governance draft for insurers
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Insurance supervisors issue guidance on risk transfer
The International Association of Insurance Supervisors (IAIS) has issued a guidance paper on risk transfer. The guidance – officially adopted today at the association’s general meeting in Vienna - details potentially problematic areas on which national…
Gay Evans is new head of the Joint Forum
Gay Evans, director of markets at the UK Financial Services Authority (FSA), will in January 2004 take over as chairman of the Joint Forum, a group of experts working under the umbrella of the Basel Committee on Banking Supervision, the International…
FSA director to chair Joint Forum
UK financial regulator the Financial Services Authority’s director of markets, Gay Huey Evans, will take over the chairmanship of the Joint Forum in January. She succeeds José María Roldán, general director of financial regulation at the Bank of Spain,…
HKEx names new COO and alters corporate structure
Hong Kong Exchanges and Clearing (HKEx) has named Patrick Conroy as chief operating officer as from August 18. Conroy will replace Frederick Grede, who has not sought a renewal of his employment contract, which expires at the end of July.
FSF calls for more credit risk transfer disclosure
The Financial Stability Forum (FSF), the body set up by leading central banks to examine potential threats to the financial system, has called for greater disclosure and more aggregate data for credit transfer instruments.
IAIS credit risk transfer investigation sees worrying trends
The Basel-based International Association of Insurance Supervisors (IAIS), which represents insurance supervisory authorities of some 100 jurisdictions, said it is concerned that some insurance companies active in the $1 trillion credit derivatives…
Wake-up call for Basel’s insurance neighbours
With liquidity draining away from the credit markets, banks have turned to the insurance industry to underwrite credit risks. But how prepared are insurers and reinsurers to takethese risks?