The Property Casualty Insurance Association of America (PCI) released a statement expressing concern over a recent charter released by the Financial Stability Board (FSB), which lays the groundwork for peer review of U.S. financial regulations. PCI claims that the system will result in insurance organizations being treated like banks.

According to PCI, under the charter, FSB member countries will undergo peer reviews, which will take place 2 to 3 years after a Financial Sector Assessment Program (FSAP) review. The peer reviews will focus on the implementation of recommendations made in the preceding FSAP report.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access