Basel is viewed as the holy grail of banking regulation against which all local regulatory frameworks are measured. In a similar fashion to Basel, the IAIS is currently making a similar scene, through the development of the first global supervision standards for the insurance industry.
Key learning objectives:
What are the three stages of ICPs?
Why was Solvency 2 needed in Europe?
Understand the role of insurance regulators in the UK, the US and Asian countries
Understand the background and the need for IAIS