Systemic Risk and the Future of Insurance Regulation

This book examines policy developments that have been occurring in the field of financial regulation and their implications for the insurance industry and markets. With UK and US contributors from academia and legal practice, this book will be essential reading for policy-makers, insurance regulators, insurance and legal professionals as well as students and academics researching and studying insurance law.

Chapter 1: Introduction Chapter 2: What can history tell us about insurance regulation? Professor Philip Rawlings Chapter 3: Macro-prudential supervision, systemic risk and insurance companies Professor Rosa Maria Lastra Chapter 4: Systemic risk in insurance: common thinking errors, and their resolution Chris Finney Chapter 5: Anticipating New Sources of Systemic Risk in Insurance Professor Daniel Schwarcz and Professor Steven L. Schwarcz Chapter 6: Oversight of Systemically relevant Insurance Practices within the EU: the Role of Macro-prudential Supervision Dr Miriam Goldby and Anat Keller Chapter 7: Stealth Federal Regulation of Insurance in the United States Professor Patricia A. McCoy Chapter 8: The emerging special recovery and resolution framework of G-SIIs and its effectiveness Dr Andromachi Georgosouli Chapter 9: The International Regulation of Systemic Risk: The Role of the Leading International Organisations, Groups and Standard Setting Bodies in Shaping the Post Crisis Reform of Insurance Regulation Dr Louise Steinberg