Aegon faces tougher regulatory scrutiny after joining a global list of “systemically important” insurers.
The Dutch insurer has been added to the Financial Stability Board’s so-called “too big to fail” list this week. It replaces Generali on the list of nine insurers.
It means Aegon will be subject to higher capital requirements and more scrutiny from supervisors.
The list is updated annually based on data gathered by the FSB.
Also this week, the FSB updated its list of 30 systemically important banks, replacing Spanish bank BBVA with China Construction Bank.
Royal Bank of Scotland moved down the ranking, meaning it will not have to hold as many assets that can absorb losses.