The HLA requirements adopted by the IAIS and endorsed by the FSB, will apply to G-SIIs from January 2019. The regulatory capital requirements for Global Systemically Important Insurers (G-SIIs) are expected to be higher than if a group has not been designated as a G-SII. The HLA requirements build on the foundation of the Basic Capital Requirement (BCR), so apply to all group activities and reflect major categories of risk.
Financial Regulation and Supervision
5 October 2015
This Guidance describes the features of effective supervision by regulators and supervisors, and also clarifies the interplay with the role of law enforcement agencies.
Archives
2013 (20)