30 Financial companies on the list for international supervision by the Council for financial stability, said the Financial Times. That supervisory authority (Financial Stability Board) was created after the Summit of the G-20 in April in London to monitor the global financial and banking sector. In the list available to the British daily newspaper, but it is not public, have fallen 6 insurance companies and 24 banks from Europe, Japan and North America. Among insurers is U.S. giant AIG, as it was saved from bankruptcy with a solid government injection. The Council’s opinion is that these 6 companies can create the preconditions for risk across the financial sector on the one hand because of the participation in a vast network of credit units as a typical example is Aviva, or because of sophisticated financial engineering – a typical example is the Swiss Re. Governing body of the Council for financial stability, which included representatives of central banks of the G-20 and EU, assisted by a small secretariat, based at the Bank for International Settlements in Basel, Switzerland.
The Insurance companies and banks will be required over the next 6-9 months to submit to the Council developed a special plan and a system of action, if it comes to bankruptcy, which was called by the British daily legacy alive. “The paper points out that Britain is now working on the new system. Experts believe that such innovations in the field of control are very appropriate, since the passing crisis has shown that it caused the fault of the governments will pay the money to taxpayers.
Here are 24 venture banks:
- From U.S.: Bank of America Merrill Lynch, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley;
- From Canada: Royal Bank of Canada;
- From the UK: Barclays, HSBC, Royal Bank of Scotland, Standard Chartered;
- From Switzerland: Credit Suisse, UBS;
- From France: BNP Paribas and Société Générale;
- From Ispantiya: BBVA and Santander;
- From Japan: Mitsubishi UFJ, Mizuho, Nomura, Sumitomo Mitsui;
- From Italy: Banca Intesa and UniCredit;
- From Germany: Deutsche Bank;
- From the Netherlands: ING.
Also solid support, however, were unable to obtain:
- France’s Axa,
- Dutch Aegon,
- Germany’s Allianz,
- Britain’s Aviva,
- Swiss Zurich Financial and Swiss Re.

Tags: AIG, banks, controls, Council, insurance companies

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