
284 Operational Risk Control
Fitch Ratings has also highlighted the dramatic decline in the capital strength of life
insurance companies. Indeed, growing fears of a possible insolvency in the insurance
sector led Germany’s financial regulator to put about 20 companies on a special watch
list. Concern also prompted the big insurers to agree to back an industry pool that
would bale out smaller rivals if they were unable to pay the 3.25% guaranteed rate
of return to their policyholders.
13.6 Challenges facing major financial institutions and their
daily business
Nobody today would really like to be in the shoes of Citigroup, the largest US
financial company ...