US needs to improve supervision of insurers, FSB peer review concludes

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The US has improved arrangements for oversight of systemic risk and financial markets infrastructures (FMIs), but progress in implementing recommendations under the International Monetary Fund's 2010 Financial Sector Assessment Programme (FSAP) has been lagging in the area of insurance supervision, according to a Financial Stability Board (FSB) peer review published today.

The review of the US, which was led by the Bundesbank's Andreas Dombret, examined the progress made in the US on systemic

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