AXA -- Moody's: GSII regulation to improve insurers' risk management and capital stability

London, 03 August 2016 -- Moody's considers that the regulation which will apply to the nine global systemically important insurers (GSIIs) designated by the G20's Financial Stability Board (FSB) is credit positive, because the additional regulatory oversight and capital requirements on a group-wide basis will result in improvements in risk management and the development of contingency plans to restore or protect capitalisation in stress scenarios. In addition, at this stage, Moody's does not expect any broad business model changes or any widespread reaction from groups designated as GSIIs, because these insurers overall seem to hold sufficient buffers to comply with the new regulation.

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