FSB: Guidance on big-bank resolution will apply to insurers

08/13/2013 | Bloomberg

The Financial Stability Board says nonbank financial institutions, such as insurers, will be subjected to a version of its resolution guidance for systemically important banks. "The standards as originally conceived were meant to cover all types of systemic institutions," FSB adviser Eva Huepkes said. The FSB initially focused on banks, but the latest "consultation sets out how the resolution standards apply specifically to nonbanks".

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