Featured Product

    IAIS Publishes Newsletter for December 2017

    December 18, 2017

    IAIS published the December issue of its newsletter. The key highlight of this issue is the interview with new IAIS Secretary General Jonathan Dixon, who became the Secretary General of IAIS following the conclusion of the 2017 IAIS Annual Conference. He discussed his top priorities as the new Secretary General while describing the IAIS as a remarkable trajectory and sharing examples to this effect, such as work on ComFrame and systemic risk in the insurance sector; development of high-quality papers on topics, including cybersecurity and fintech; and partnership with other organizations to provide forums for supervisors to exchange ideas and develop good supervisory practices.

    The newsletter highlights updates related to interim public consultation paper on an activities-based approach to systemic risk and adoption of the Application Paper on product oversight in inclusive insurance. Another highlight is the work of G-SII Analysts Working Group on the finalization of the 2017 disclosure requirements, pursuant to the 2016 G-SII Assessment Methodology. The newsletter also mentioned the following outcomes from the meeting of the Accounting and Auditing Working Group:

    • Approval of a draft revised Insurance Core Principle (ICP) 20 (Public Disclosure) paper for circulation to other IAIS working groups for comment
    • Approval of a draft IAIS comment letter on the Monitoring Group Consultation “Strengthening the Governance and Oversight of the International Audit related Standard-Setting Boards in the Public Interest”
    • Productive dialog on recent and anticipated accounting changes pertinent to insurers as well as on advancing the recommendations from the “Report of the FSB Task Force on Climate-related Financial Disclosures (TCFD)”

     

    ​Keywords: International, Insurance, ICP, Newsletter, Fintech, ComFrame, Systemic Risk, IAIS

    Featured Experts
    Related Articles
    News

    OCC Revises Minimum Threshold for Banks to Conduct Stress Tests

    OCC issued the final rule that amends its company-run stress testing requirements under the 12 CFR 46 in Code of Federal Regulations.

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Update Management Interlock Rules Under DIMIA

    US Agencies (FDIC, FED, and OCC) issued a final rule that increases the thresholds in the major assets prohibition for management interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA).

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Rules to Closely Match Bank Risk Profiles

    US Agencies (OCC, FED, and FDIC) finalized rules that tailor the regulations for domestic and foreign banks to more closely match their risk profiles.

    October 10, 2019 WebPage Regulatory News
    News

    CPMI-IOSCO and FSB on Governance Arrangements for OTC Derivatives

    CPMI and IOSCO published a report that identifies key criteria, functions, and bodies for the governance arrangements.

    October 09, 2019 WebPage Regulatory News
    News

    EIOPA Launches Field Test on Templates Under 2020 Solvency II Review

    EIOPA, as part of the 2020 Solvency II reporting and disclosure review, launched a field test on the revised and newly proposed reporting templates.

    October 09, 2019 WebPage Regulatory News
    News

    US Agencies Adopt Rule on Appraisals for Real Estate Transactions

    US Agencies (FDIC, FED, and OCC) adopted the final rule to amend regulations requiring appraisals of real estate for certain transactions

    October 08, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Amendments to Simplify Volcker Rule

    US Agencies (CFTC, FDIC, FED, OCC, and SEC) finalized amendments to the regulations implementing section 13 of the Bank Holding Company Act, also known as the Volcker Rule.

    October 08, 2019 WebPage Regulatory News
    News

    EC Report Explores Application and Challenges of Blockchain Technology

    The Joint Research Center of EC published a report exploring the challenges and impact of distributed ledger technologies.

    October 08, 2019 WebPage Regulatory News
    News

    BIS and SNB Sign Agreement on Innovation Hub Center in Switzerland

    BIS and SNB signed an operational agreement on the BIS Innovation Hub Center in Switzerland.

    October 08, 2019 WebPage Regulatory News
    News

    ECB Issues Results of Sensitivity Analysis of Liquidity Risk for Banks

    ECB published results of 2019 stress test on sensitivity analysis of liquidity risk.

    October 07, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3958