Regulators are looking at how they would deal with a failing insurer by applying lessons from banks during the financial crisis, the European Union's insurance watchdog said on Tuesday.August 8.
Global regulators are putting in place rules to make sure they could handle the failure of a big bank without disrupting markets as seen when Lehman Brothers went bust in 2008.
Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (EIOPA), said insurance regulators were now looking at what rules were needed to dealing with a failing insurer.
Read more: EU watchdog flags new rules for handling failing insurers | Reuters
Global regulators are putting in place rules to make sure they could handle the failure of a big bank without disrupting markets as seen when Lehman Brothers went bust in 2008.
Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (EIOPA), said insurance regulators were now looking at what rules were needed to dealing with a failing insurer.
Read more: EU watchdog flags new rules for handling failing insurers | Reuters
