Insurance and resolution in light of the systemic risk debate : a contribution to the financial stability discussion in insurance

This new report from the Geneva Association looks at the relationship between insurance wind-downs and systemic risk, concluding that frameworks for dealing with such risks in banking "would be a poor guide" to necessary changes in insurance. The report argues that all necessary recovery and resolution plans already exist for insurers, and that new initiatives should develop these existing frameworks, rather than impose a framework designed with banks in mind. The Financial Stability Board has said that a final methodology for assessing the systemic importance of insurers will be detailed in June