Concerns over reporting burden on groups of proposed framework for international supervision
Common framework could lead to conflicts with national regulations, experts warn, as consultation on proposals closes
Proposals for a common framework for the supervision of international insurance groups could increase the reporting burden on groups and risk confidential information being inadvertently released.
The warnings come as the consultation on the current draft of the common framework for group-wide supervision (ComFrame) closed today.
The framework, being developed by the International Association of Insurance Supervisors (IAIS) contains qualitative and quantitative requirements for international
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