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CN NAFR Requires Insurance Groups to Hold Adequate Capital, Liquidity Buffers
Recommend 65 Positive 112 Negative 48 |
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The General Office of China's National Administration of Financial Regulation (NAFR) published the “Guidelines for the Supervision of Concentration Risks of Insurance Groups” last Saturday (8th) requiring insurance groups and companies to establish mechanisms for the disclosure of information on concentration risks, the management of emergencies and mitigations and others. Insurance groups should hold sufficient capital and liquidity buffers against concentration risks, while member companies should avoid over-reliance on specific assets, counterparties, customers, areas or markets. AAStocks Financial News |
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