8 An example of tailoring generally applicable regulations is the revised capital guidelines that were issued in 2013. 9 It was clear in the wake of the financial crisis that strong capital positions were essential for banks of all sizes, including community banks. But a number of changes that were appropriate for large banks did not make sense for community banks.
In the absence of guarantee funds to protect policyholders, negotiations are underway for a group of banks and insurance companies to take action to protect customers. We are closely following the matter in collaboration with IVASS and by liaising with government authorities.