Original Article
The Geneva Papers (2007) 32, 301–318. doi:10.1057/palgrave.gpp.2510138
Cross-Border Exchange of Information and Cooperation Between Insurance Supervisors
aFinancial Market Authority (FMA), Praterstra
e 23, Vienna A-1020, Austria. E-mail: peter.braumueller@fma.gv.at
*The views expressed in this paper are only those of the author.
Abstract
With the insurance business becoming increasingly international, supervisory authorities need to increase cross-border cooperation with other supervisory authorities if they want to be able to achieve their supervisory objectives. Today, effective protection of domestic policyholders and the maintenance of a sound and stable domestic insurance market increasingly depend on the effective analysis of the risks arising from cross-border activities and the overall assessment of the insurer's or group's risk profile.
Keywords:
regulation and supervision, cross-border cooperation
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