In The News
| August 13, 2009
Early to Rise — Singapore Revamps its Regulations to Capitalize on Asia’s Growing Insurance Securitization Market
Late in 2008, the Monetary Authority of Singapore issued regulations permitting the creation and oversight of Special Purpose Reinsurance Vehicles in connection with insurance securitization transactions.
The Insurance (General Provisions and Exemptions for Special Purpose Reinsurance Vehicles) Regulations 2008, which became effective Dec. 2, recognize the need for a streamlined regulatory process that will facilitate the accomplishment of securitizations. At the same time, the regulations are designed to protect the interests of the various parties to these transactions.
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