Think Tank - The Geneva Association : Five guiding principles that will continue to insulate us from systemic risk
Source: Asia Insurance Review | Feb 2010
As the focus of regulators shifts from micro-prudential to macro-prudential, the issue of how to avoid a recurrence of systemic risk is becoming a political focal point at international forums such as the G20, FSB and the IAIS.
Mr Katsuo Matsushita, Special Advisor and Liaison Officer for Japan and East Asia of The Geneva Association, examines how traditional insurance market practices differ from those of the banks and stresses the need to review the guiding principles that will protect insurers from systemic risk.
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