IAIS updates assessment methodology on G-SIIs

The International Association of Insurance Supervisors (IAIS)
has revised its assessment methodology for global systemically
important insurers (G-SIIs), it announced on 16 June.
Revisions to the initial assessment methodology, which was first
published in 2013, were informed by three previous designation
exercises and comments received intwo public consultations on proposed revisions to the assessment
methodology issued in November 2015.The revisions introduced a five-phase procedure for the
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