On 14 May 2014, the International Association of Insurance Supervisors (IAIS) published its newsletter for May 2014. Included in this month's newsletter is an article on the Islamic Financial Services Boards (IFSB) focusing on takaful insurance. The IAIS and IFSB have established a new joint working group to consider micro-takaful, and it is intended that a paper will be published in early 2015 on the issue. Other topics covered in this month's newsletter include comments on the status of possible designation of major reinsurers as global systemically important insurers (GSIIs). The IAIS expects to update its list of GSIIs in November 2014 and to include any appropriate reinsurers at that time (which represents a postponement of the timetable announced in July 2013, indicating that a decision on this was anticipated in July 2014).