Supervisory colleges win global support
Solvency II started the ball rolling but colleges are expanding
International insurance regulators have adopted new guidance to help in their supervision of global insurance businesses through
the formation of colleges. At its recent meeting, the International Association of Insurance Supervisors (IAIS) won approval
for the guidance on supervisory colleges in the group-wide supervision of insurance firms following calls from the G20 for
supervisors to work closer together in their regulation of cross-border insurance groups and banks.
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