From the General Assembly Review 2013: With the announcement of designated global systemically important insurers (G-SIIs) imminent, one breakout session at the 2013 General Assembly was dedicated to “G-SIIs: Policy Measures and Consequences”.
Ahead of the July announcement of designated global systemically risky insurers (G-SIIs), Michel Liès, Group CEO of Swiss Re and Chair of the Financial Stability in Insurance session, was joined by panellists Yoshihiro Kawai, Secretary General of the International Association of Insurance Supervisors (IAIS), Michael McRaith, Director of the U.S. Federal Insurance Office (FIO), Paul Sharma, Director, Wholesale and Prudential Policy Division, Financial Services Authority (FSA), and Paul Tucker, Deputy Governor of the Bank of England and member of the Financial Stability Board (FSB). Michel Liès approached the topic of policy measures and consequences of G-SII designation from a global and international angle, as well as from a domestic and regional level. He asked panellists in particular to elaborate on the market implications of G-SII designation.
