Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Regulators Seek Views on Strengthening Mortgage Insurance Market

Don't Miss Out —
Follow us on:

Feb. 11 (Bloomberg) -- Global regulators are seeking views on how to ensure that the market for mortgage insurance is robust and able to withstand crises.

“The events of the last few years, particularly those in the global financial crisis that began in 2007, indicate that mortgage insurance is subject to significant stress in the worst tail events,” the regulators said today in an e-mailed statement, referring to potential knock-on effects for the mortgage insurers during a financial crisis.

The report includes draft recommendations aimed “at reducing the likelihood of mortgage insurance stress and failure,” according to the group, known as the Joint Forum.

The Joint Forum brings together banking, insurance and markets regulators from industrialized and emerging economies.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.