Geneva Association: "stabilising" insurers should be better repesented in systemic risk supervision
Insurance think tank bemoans underrepresentation of the "firefighting" insurance sector in Financial Stability Board and confusion over its role in the financial crisis
Insurance think tank the Geneva Association has called for increased representation of the insurance sector in the supervision of systemic risk, as a stabilizing force against the causes of the crisis such as high leverage and complex derivatives.
Patrick Liedtke, secretary-general of the association, says the Financial Stability Board (FSB), an international regulatory college charged with combating systemic risk, should include more representatives of dedicated insurance sector bodies than its
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