The international Financial Stability Board has signaled that more than banks can pose systemic market threats, with its decision last month to expand its “too big to fail” rules to nine global insurers. Now the organization may include more types of institutions, according to an official with the FSB.
Eva Hupkes, adviser on regulatory policy and cooperation with the FSB, told the Investment & Pensions Europe news site that the organization is developing assessment methodology to figure out what types of financial institutions could present such a threat. Hupkes did not rule out the possibility that pension funds could be included in the future.
