Systemic
Systemic Risk – Life Insurance
Systemic Risk – Life Insurance Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. 2003 – IMF – Insurance and Issues in Financial Soundness. IMF working paper 03/138. Das U, Davies N, Podpiera R – 44p (p3) – Third, as noted repeatedly by EIOPA, the ESRB and market analysts, scenarios involving multiple…
Read MoreQ: What is Systemic Risk?
Q: What is Systemic Risk? (p45-46) – Secretary Geithner: For two reasons: Because it was systemic and because it was an option for doing so. So if it needed both, okay — if it wasn’t systemic, we would have been indifferent to it. If it was systemic but we had no option, we wouldn’t have done it.…
Read More2020 – SOA – Systemic Risk in China’s Insurance Industry – Society of Actuaries – 55p
2020 – SOA – Systemic Risk in China’s Insurance Industry 2020 – SOA – Systemic Risk in China’s Insurance Industry, Society of Actuaries — [BonkNote] — 55p (p9) – Therefore, based on the identification of systemic risk sources that the Geneva Association, IAIS and other scholars have given…. the author investigated the origin of systemic…
Read MoreIAIS – Systemic Risk
IAIS – Systemic Risk Background IAIS systemic risk work 2011 Publication of “Insurance and Financial Stability” 2012 Publication of “Reinsurance and Financial Stability” 2013 • Identification of first cohort of G-SIIs • Publication of G-SII Policy Measures document • Publication of Report on Macroprudential Policy and Surveillance in Insurance • Guidance for Systemic Risk Management…
Read More2008 Financial Crisis – Systemic Risk
Systemic Risk – 2008 Financial Crisis Precrisis, there was a longstanding assumption that banks were the only types of financial companies that could pose systemic risk. As you noted, during the crisis that was proved un-true. Investment banks, insurance companies, other nonbanks precipitated the economic collapse. (p10-11) –Jeremy C. Kress, Assistant Professor of Business Law,…
Read MorePanic
Panic Panic of 1907 Panic of 1857 Insurance Panic 2013 0621 – AP – The Failures that Ignited America’s Financial Panics: A Clinical Survey, by Hugh Rockoff – 52p FCIC – Geithner – 50p 2009 1210 – COP – Hearing – Hearing With Treasury Secretary Timothy Geithner, Congressional Oversight Panel — [BonkNote] — [PDF-98p, VIDEO-CSPAN] (p78) – Tim…
Read MoreQ: Can the Insurance Industry Create Systemic Risk?
Q: Can the Insurance Industry Create Systemic Risk? Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. 2003 – IMF – Insurance and Issues in Financial Soundness. IMF working paper 03/138. Das U, Davies N, Podpiera R – 44p Paper – Concepts for Successful Regulation of Systemic Risk Section 1: Identification of…
Read More2008 Financial Crisis – Contagion
Contagion – 2008 From: “Habayeb, Elias” Sent: 09/16/2008 07:16 AM To: Alejandro LaTorre Cc: “Frenkel, Dr. Jacob A.” <[email protected] > Subject: FX Settlement Failures Alex, It seems that Barclays, JPM and Deutsche Bank are holding back on the amounts they owe us under FX transactions. If this continues, the amounts are in the billions. This…
Read MoreResolution Authority
Resolution Authority Fed Window Richard Scott, FCIC MP3 Interview 2014 04 – Book – Modernizing Insurance Regulation – John H. Biggs, Matthew P. Richardson – 304p 2020 0825 – FSB – Key Attributes Assessment Methodology for the Insurance Sector – 72p NAIC GUARANTY FUNDS NAIC Insurer Receivership Model Act The lack of an appropriate regulatory…
Read MoreSystemic Risk – Other
Systemic Risk – Other 2021 01 – GAO – Macroprudential Oversight, Principles for Evaluating Policies to Assess and Mitigate Risks to Financial System Stability- GAO-21-230SP, Government Accountability Office – 35p 2015 07 – IMF – United States – Systemic Risk Oversight and Management – Technical Note, (FSAP) Financial Sector Assessment Program International Monetary Fund – 78p
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