The Global Macroprudential Set-Up in Insurance: Who Is in Charge?
Sebastian Dahlen and
Marcelo Ramella
Chapter 13 in Macroprudential Supervision in Insurance, 2014, pp 264-279 from Palgrave Macmillan
Abstract:
Abstract While the institutional perspective of the macroprudential debate has received dedicated attention at national (e.g. US) or regional (e.g. European Union) levels, a comprehensive discussion of the worldwide angle is almost unavailable to date. In particular, this is the case with respect to the global macroprudential set-up in insurance. Among the key questions are: who is in charge? Where is the point of contact if an interested jurisdiction and/or a relevant (re)insurance company have contributions to and/or complaints about macroprudential considerations and measures? Which international bodies are involved? How can the best possible cooperation between relevant international, regional and national bodies be ensured? In relation to the last question, data is of specific importance, particularly if we consider the question: how can gaps and unnecessary duplications within the various macroprudential data-collection exercises be avoided?
Keywords: Central Bank; International Monetary Fund; Systemic Risk; Financial Stability; Insurance Sector (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-43910-9_14
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DOI: 10.1057/9781137439109_14
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