US EditionFsb: Three Swiss Insurers Must Draw up Resolution Plans
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The Financial Stability Board (FSB) has expanded its list of international insurers, which, due to their relevance to the international financial system, have to submit settlement plans for the event of a default, from 13 to 17 companies. For the first time, three Swiss insurers are represented: Zurich, Swiss Re and Swiss Life. From Germany, only the Alliance is still on the list. The FSB takes care of measures for financial stability on behalf …
The insurers Zurich, Swiss Re and Swiss Life have been included in a list by the G20-affiliated Financial Supervisory Authority, which obliges companies to prepare recovery plans for the event of a collapse. The updated global list of the Financial Stability Board now includes 17 companies, four more than in the previous year. Allianz is present from Germany. The contribution Financial Stability Board extends emergency plan list to 17 insurers f…
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