Too-big-to-fail insurers face 10% higher capital requirement
October 7, 2015 by KATHERINE CHIGLINSKY
(Bloomberg) — Global insurers with the greatest ties to the financial system would face an average increase of 10 percent to capital requirements under new standards proposed by a group of regulators.
The increase would be as high as 18.75 percent for unregulated-banking activities by firms deemed to be in a riskier tier, according to documents released Monday in Basel, Switzerland, by the International Association of Insurance Supervisors. For traditional insurance products sold by safer companies, the figure would be 6 percent. Click HERE to read article