Regulator: Insurers deemed too big to fail must cut risks, Bloomberg reports

The International Association of Insurance Supervisors, an industry regulator, has proposed that insurers deemed too big to fail cut their systemic risks, improve their liquidity planning and increase capital buffers to reduce the impact on the economy should they collapse, Bloomberg reports. In April, the IAIS will release a list of too-big-to-fail insurers and the group plans to implement stricter supervision "immediately afterwards". The proposals also include provisions for effective resolution regimes and the separation of non-traditional and non-insurance activities.