Guidance on liquidity management and planning
The International Association of Insurance Supervisors (IAIS) released its Policy Measures for global systemically important insurers (G-SIIs) on 18 July 2013. It states that group-wide supervisors should require G-SIIs to have adequate arrangements in place to plan for and manage liquidity risk for the whole group. The purpose of this document is to provide guidance to group-wide supervisors in the application of these requirements to G-SIIs. The guidance is principles-based and outlines the key supervisory features that would be expected in the liquidity management planning of a G-SII. These plans should complement any existing liquidity arrangements.