In a rare departure from global standard-setting cooperation, Canada’s top financial services regulator said Thursday it won’t adopt a common capital standard proposed for large, internationally active insurance groups.
“Specifically, the proposed capital requirements for long-term products are too high to be compatible with OSFI’s mandate of allowing Canadian insurers to compete and take reasonable risks.” “It’s a disagreement, which is unusual for OSFI,” said Jason Mercer, an analyst at Moody’s Investors Service. The IAIS first announced plans to develop risk-based capital requirements for systemically important insurers in 2014, with a target date of 2020 set for the establishment of the new international standard.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fonte: CTVNews - 🏆 1. / 99 Consulte Mais informação »