IAIS consults on options for BCR: IAIS has launched a consultation on the design of the field testing
that will inform the development of the global Basic Capital Requirement (BCR) for global systemically
important insurers. The BCR will be followed by the development of higher loss absorbency requirements
and, later, a risk-based group-wide global insurance capital standard applicable to internationally active
insurance groups from 2019. (Source: BCR Public Consultation)