The Geneva Association has released what it claims is the first ever comparison between the 28 named Global Systemically Important Banks (G-SIBs) and 28 of the largest
global insurers. Download the report here
Banks vs Insurers: Geneva Association report compares systemically important banks and insurers against FSB criteria
The International Association of Insurance Supervisors is collecting responses to its proposals for global systemically important insurers. The deadline for responses is December 16th 2012. A summary of the proposals, which will have significant consequences for data management within insurers, is here.
The Financial Stability Board has released details of the broadly positive responses to the Enhanced Disclosure Task Force report on bank risk disclosures.
Douglas Flint, Group Chairman of HSBC, said: "Rebuilding investors' confidence and trust in the banking industry is vital and responding to demands for greater transparency and better risk disclosures is an important step towards achieving that goal. The report focuses on areas where investors have highlighted their need for better and more transparent information about banks' risks and how these relate to performance measurement and reporting, both areas where banks agree that improvements can be made." Links to all the responses are here: http://www.financialstabilityboard.org/publications/r_121130.pdf
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