No systemic risk from insurance core activities reports The Geneva Association
International insurance think tank, The Geneva Association, has published its report, Systemic Risk in Insurance.
The report analysing the role of insurance in financial stability and its systemic relevance has called on supervisors and policymakers to focus on activities rather than financial institutions when introducing new regulation.
In a move designed to ensure the insurance industry's voice is heard in debates on the best way forwards, the report examined differing roles of insurers and banks in the global financial system and their impact on the crisis. It concluded that core activities of insurers
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