The Need for Global Insurance Regulation

The Need for Global Insurance Regulation

In the first video of this series, Sukhy emphasises the importance of regulating insurance companies with reference to the infamous collapse of AIG during the financial crisis. Sukhy discusses the international role of the Financial Stability Board (FSB) in insurance regulation post-financial crisis.
Overview

The 2008 Global Financial Crisis was a watershed moment in the financial sector that exposed weaknesses in the banking system and insurance industry, it demonstrated the interconnectedness between banks and insurers and the danger of systemic issues across the two sectors, ultimately proving the need for insurance regulation.

Key learning objectives:

  • What are Collateralised Debt Obligations?

  • What are Credit Default Swaps?

  • Why did Aegon require a bailout?

  • What is a Financial Stability Board and its key objectives?

  • Understand how American Insurance Group or AIG collapsed

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Summary
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Expert
Sukhy Kaur

Sukhy Kaur

Sukhy has spent over 11 years working in investment banking. She started her career at Barclays Capital and then went onto join the hybrid capital desk at Credit Agricole, focusing on structuring and the initial regulatory developments of Basel 3. Continuing in the structuring space, she moved to the Capital Solutions desk at UBS Investment Bank.

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