Insurers write to G20 on SIFIs

25 October 2011

The CEA has co-signed an International Network of Insurance Associations (INIA) letter to the G20 leaders, setting out the industry's views on the treatment of insurers in the financial stability and systemic risk debate.

The letter welcomes the recent decision by the International Association of Insurance Supervisors and the Financial Stability Board (FSB) to separate the consideration of globally systemically important financial institutions (G-SIFIs) in insurance and banking. However it raises a number of concerns over the FSB's SIFI consultation.

Full letter

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