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This new report from the Geneva Association looks at the relationship between insurance wind-downs and systemic risk, concluding that frameworks for dealing with such risks in banking "would be a poor guide" to necessary changes in insurance. The report argues that all necessary recovery and...
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How do ratings fit in?, Financial crisis Issues, Financial Crisis Impact
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Before - The use of ratings; During- Responses, Reactions, Lessons Learnt; After- BReakouts, Conclusions...
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Rating agencies learned their lessons, insurance ratings less affected than other (banks, MBS), insurance ratings will remain an important part of financial markets...until a new black swan emerges...
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