BoE challenged US Treasury on G-Sii status of Berkshire Hathaway

Bank of England
Bank of England

The Bank of England (BoE) challenged the US Treasury over the absence of insurance giant Berkshire Hathaway from a provisional list of global systemically important reinsurers (G-Siis) drafted in October last year by the Financial Stability Board (FSB), Risk.net can reveal.

The FSB was due to publish a list of G-Sii reinsurers in November 2014 alongside an updated list of G-Sii primary insurers. In a statement of November 6, the FSB stated that it would delay publishing the list of reinsurers

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