G-20 board to develop "G-SIFI"-designation process for insurers:

04/15/2012 | Insurance Journal

The Group of 20 nations has authorized its Financial Stability Board to create a process for identifying insurers that carry systemic financial risk, a report from the Geneva Association says. The International Monetary Fund and the Bank for International Settlements are helping the board, which is working on "establishing key criteria for the identification of systemic risk," the report says.

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