SEC Chairman Mary Jo White previously provided a roadmap to the development of a regulatory approach for the asset management  BIS central bankers’ speeches  7  exist with respect to the decisions and operations of certain asset managers, their liability structure again suggests that some form of prudential market regulation would be better suited to address these risks.
Non-life insurers and reinsurers also bear the brunt of claims from property damage caused by storms. The 2018 EIOPA stress test showed that reinsurers are hit particularly hard by losses from natural disasters. Piling extra pressure on this sector. Events in other countries could also lead to higher foreign currency risks. And these effects cascade through the sector.