CIRC requests 'measured pace' to capital standard development

The China Insurance Regulatory Commission (CIRC) has called on the
International Association of Insurance Supervisors (IAIS) to take
an unhurried approach to creating a global insurance capital
standard.
Speaking at a meeting between the Chinese regulator and the
National Association of Insurance Commissioners (NAIC) in New York
yesterday, CIRC chairman Xiang Junbo said that both organisations
remained committed to working together.
"The ongoing work at the IAIS to develop an insurance
capital s