In our March 2014 tracker, we reported that the International Association of Insurance Supervisors (IAIS) had published the responses to its December 2013 public consultation on proposed options for the development of basic capital requirements (BCR) for global systemically important insurers (GSIIs).  The IAIS is developing the BCR as part of its project to develop a group-wide global capital standard for GSIIs.  On 9 July 2014, the IAIS published a second BCR consultation seeking input on a specific proposal to facilitate the final design and calibration of the BCR.  Comments are invited by 8 August 2014.