The FSB is seeking views on guidance laying out resolution plans for global systemically-important insurers (G-SIIs). The FSB’s resolution policies are, however, designed also to support resolution considerations for domestic insurance companies, reinsurers (under review for possible G-SII designation), and financial conglomerates with insurance operations. Although designed to guide cross-border regulators and resolution authorities in crisis management groups (CMGs), the FSB’s approach has significant strategic impact also for G-SIIs and the structure of global insurance markets. This is a very contentious issue in the U.S., where the insurance industry and some in Congress have strongly protested much not only in the resolution framework, but also in the broader approach even to naming G-SIIs and then subjecting them to federal authority.  

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