Basic capital requirements for systemically important insurers

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The development of the Basic Capital Requirements (BCR) is the first step of the IAIS’ project to develop group-wide global capital standards.The BCR is the comparable foundation for Higher Loss Absorbency (HLA), and together they will provide a consolidated group-wide capital requirement that will apply to G-SIIs only.When finalised, the ICS will replace the BCR in its role as the foundation for HLA.