We welcome this review and, again, the United States, represented by FIO, the Federal Reserve and state regulators, has worked within the IAIS to develop an approach to NTNI
that is consistently applied across products, activities and borders, and that accurately assesses risk within an insurer.
At the end of April, the IAIS committee heads met in London to discuss NTNI, on which Sharma has been lobbied very hard.
"It would be hard to designate companies as a G-SII without it having NTNI, Sharma said, pointing to NTNI's weighting of up to 50 percent in judging G-SII candidates.
The IAIS has stated that G-SIIs are most likely to take the form of a group and NTNI are often carried out by separate entities within a group and/or the group may have significant interconnections to other parts of the financial system.