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Systemic Risk, Pension Funds, Insurers, Asset Managers [17]

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Bullet points include: Falling within the systemic risk net can feel highly intrusive (but what regulation doesn’t feel intrusive?). For organisations deemed systemically important as well as eventually for everyone else, e.g.: Assicurazioni Generali business model changes, removal from G-SII classification, see e.g. Jenkins (2016). MetLife legal action to challenge FSB designation, and now apparently planning to shrink. Development of IAIS ICS. Push-back on FSB’s proposals for asset managers, even apparently from some other supranational bodies

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