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Aegon joins ‘too big to fail’ list

Aegon-Logo-Building-2012-700x450.jpg

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.

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. They had better up their game and start providing much better service to advisers and clients. It won’t be too much longer till their pre rdr deal with networks come to an end and then they will have to genuinely compete with far better propositions!

  2. Uummm ? Goliath to, was deemed to big to fail ?

    And a pebble soon put that myth to bed

  3. @ DH.
    ‘Too big to be (allowed) to fail’ is I think what the authorities are getting at.

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