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2013 | 47 | 3 |

Article title

Identyfikacja ubezpieczycieli ważnych systemowo

Content

Title variants

Languages of publication

PL

Abstracts

PL
Artykuł nie zawiera abstraktu w języku polskim
EN
The global financial crisis has forced the need for rapid identification of global systemically important financial institutions (G-SIFIs) and to take the necessary measures to reduce the risk of distress or failure. In these institutions are included the insurers. This paper describes of the methodology of identification of global systemically important insurers (G-SIIs) developed by the IAIS. The assessment methodology is based broadly on that used to identify globally systemically important banks (G-SIBs) but tailored to the insurance industry. The methodology IAIS to suggest that traditional insurance business does not generates or does not amplifies systemic risk. Accordingly, in determining whether an insurer is a  G-SIIs, more emphasis is placed on those insurers who participate in non-traditional and non-insurance activities, such as derivatives trading without hedging purposes.

Year

Volume

47

Issue

3

Physical description

Dates

published
2013
online
2015-07-23

Contributors

References

  • Brunnermeier M., A. Crocket, Ch. Goodhart, A.D. Persaud, H. Shin, The Fundamental Principles of Financial Regulation, Geneva Reports on the World Economy 11, International Center for Monetary and Banking Studies (ICMB), Geneva 2009.
  • Cross Industry Analysis 28 G-SIBs vs.   28 Insurers Comparison of Systemic Risk Indicators, 11  December 2012.
  • Dodd-Frank Wall Street Reform and Consumer Protection Act, 111-th Congress (2009–2010), H.R.4173.ENR.
  • Dunge M., M. Luciani, D. Veredas, Googlowanie ubezpieczycieli o  znaczeniu systemowym, http://www.obserwatorfinansowy.pl (5.10.2013).
  • Global Systemically Important Banks: Assessment Methodology and the Additional Loss Absorbency
  • Rrequirement, BCBS, November 2011.
  • Global systemically important insurers (G-SIIs) and the policy measures that will apply to them, Financial Stability Board, 18 July 2013.
  • Global Systemically Important Insurers: Proposed Assessment Methodology, IAIS, May 2012.
  • Guidance to Assess the Systemic Importance of Financial Institutions, Markets, and Instruments:Initial Considerations-Background Paper, Report to the G-20 Finance Ministers and Central Bank Governors, FSB, 28 October 2009.
  • Insurance and Financial Stability, IAIS, November 2011.
  • Jurkowska A., Instytucje ważne systemowo i  ryzyko systemowe. Propozycje nowych rozwiązań regulacyjnych w  sektorze finansowym, „Zeszyty Naukowe PTE” 2011, nr 11.
  • Radice M.P., Assessing the Potential for Systemic Risks in the Insurance Sector, “FINMA Working Paper”, June 2010, www.finma.ch.
  • Raport o  stabilności systemu finansowego, NBP, grudzień 2012  r.
  • Systemic Risk in Insurance: an Analysis of Insurance and Financial Stability, Geneva 2010.

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.ojs-doi-10_17951_h_2013_47_3_31
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