Basel III versus Solvency II [23]

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Bullet points include: 9 insurers deemed Global Systematically Important by Financial Stability Board in July 2013 based on IAIS criteria [Note more may follow, as covered only traditional insurers not reinsurers] Views differ about appropriateness "Little evidence.. traditional insurance generates.. systemic risk" Non-traditional insurance Financial guaranty insurance, credit default swaps, derivatives trading Variable annuities? Subject to enhanced recovery and resolution planning requirements, enhanced group-wide supervision and higher loss absorbency requirements for non-traditional and non-insurance activities

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