DNB issued insurance newsletter for February 2018. The newsletter highlighted that insurers must submit regular supervisory report to DNB at least once every three years, unless DNB requests a different frequency— as laid down in the Solvency II regulations.
The other focus areas include the following:
- Results on the research of information security of insurers and pension funds
- Update related to outsourcing risks being inadequately controlled by insurance companies
- New rules for publication of formal measures
- Update on the survey on preparation of the fourth anti-money laundering directive
- Update on the Financial Action Task Force (FATF) warning lists with countries that have shortcomings in their system for combating money laundering and terrorist financing
- Update on calendar for insurers
Keywords: Europe, Netherlands, Insurance, Newsletter, Solvency II, QIS Calendar, DNB
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ECB finalized the guide on assessment methodology for the internal model method for calculating exposure to counterparty credit risk (CCR) and the advanced method for own funds requirements for credit valuation adjustment (A-CVA) risk.
EBA published an Opinion addressed to EC to raise awareness about the opportunity to clarify certain issues related to the definition of credit institution in the upcoming review of the Capital Requirements Directive and Regulation (CRD and CRR).
APRA is consulting on updates to ARS 210.0, the reporting standard that sets out requirements for provision of information on liquidity and funding of an authorized deposit-taking institution.
FED released hypothetical scenarios for a second round of stress tests for banks.
PRA published updates in relation to the 2021 Supervisory Benchmarking Portfolio exercise.
FED adopted a proposal to extend for three years, with revision, the capital assessments and stress testing reports (FR Y-14A/Q/M; OMB No. 7100-0341).
HKMA revised the Supervisory Policy Manual module CR-G-14 on margin and other risk mitigation standards for non-centrally cleared over-the-counter (OTC) derivatives transactions.
EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.