Intervention de Dominique Durant : "How can insurers be systemic for banks; how can banks be systemic for insurers?" - IIF Insurance Colloquium - Bâle

IIF Insurance Colloquium - 22-23 Sept. 2016 Basel

SESSION 9: THE FINANCIAL MARKETPLACE CROSS-SECTORAL REGULATORY SPILLOVERS "How can insurers be systemic for banks; how can banks be systemic for insurers?" Dominique Durant - Research Directorate ACPR

The ideas expressed in this paperare the ones of the authors and do not necessarily reflects the

opinion of the Autorité de contrôle prudentiel et de résolution

RESTREINT

• Cross-sectorial regulatory spillovers depend closely on the regulation and measurement tools implemented

• The IAIS stated in 2011 that insurances companies can have an

  impact on the overall financial system because:

  • insurance groups and conglomerates can be engaged in non-traditional (NT) or non-insurance (NI) activities that make them more vulnerable to financial markets

  • insurers are connected to the broader financial system and are thus exposed to the same risks than the other financial institutions

• These are the two direction on which we will build a presentation

1. Implications of the BCBS and IAIS methodology for assessing SIFIS

2. Accounting VS prudential scope of consolidation

3. Expected impact approach VS activity based approach

4. The merits of the conglomerate approach

5. The tools available tomeasure interconnectedness

6. Metrics based on market data

7. Analysis based on French prudential data

8. The data gap initiative

1. Implications of the BCBS and IAIS methodology for assessing SIFIS

2. Accounting VS prudential scope of consolidation

3. Expected impact approach VS activity based approach

4. The merits of the conglomerate approach

5. The tools available to measure interconnectedness

6. Metrics based on market data

7. Analysis based on French prudential data

8. The data gap initiative