General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
February 28, 2018

IAIS published the February issue of its newsletter. This issue highlights that IAIS held a successful stakeholder event to discuss the interim consultation paper on an activities-based approach to systemic risk, which is an important milestone in the Systemic Risk Assessment and Policy Workplan of IAIS.

The IAIS Secretary General explained that contributing to financial stability in the global insurance sector is a high level goal of IAIS. The newsletter also highlights that

  • IAIS published the Global Insurance Market Report for 2017, which discusses the global (re)insurance sector from a supervisory perspective.
  • Updates related to the IAIS Aggregate Report on Phase 1 Implementation Assessment of the global systemically important institution (G-SII) policy measures and supervisory colleges. The report assessed the implementation of G-SII policy measures by group-wide supervisors and the extent to which they have established supervisory colleges; it also exanined tools and/or requirements in place to support implementation of the Systemic Risk Management Plan and Liquidity Management and Planning.
  • Macro-prudential Policy Committee reviewed the G-SII Assessment Methodology as part of the scheduled three-year review cycle.
  • Agenda of the meeting of the Accounting and Auditing Working Group includes discussions on further refining the draft revised Insurance Core Principle (ICP) 20 on public disclosure and IFRS 17 related implementation activities, among other topics.
  • Market Conduct Working Group discussed the draft Issues Paper on digitalization and draft Issues Paper on the use of personal and other information.
  • Resolution Working Group discussed and finalized resolution of public consultation comments received on recovery and resolution planning material in ICPs and ComFrame; the group also began developing application paper on recovery and resolution.

Keywords: International, Insurance, ICP, Newsletter, Systemic Risk, ComFrame, G-SII, Recovery and Resolution Planning, IAIS

Related Articles

BCBS Publishes Results of Survey on Proportionality in Bank Regulation

BCBS published a report presenting the results of a survey conducted on proportionality practices in bank regulation and supervision.

March 19, 2019 WebPage Regulatory News

US Agencies Adopt Interim Rule to Facilitate Transfers of Legacy Swaps

US Agencies (FCA, FDIC, FED, FHFA, and OCC) are adopting and inviting comments on an interim final rule.

March 19, 2019 WebPage Regulatory News

EBA Single Rulebook Q&A: Third Update for March 2019

EBA published answers to seven questions under the Single Rulebook question and answer (Q&A) updates for this week.

March 15, 2019 WebPage Regulatory News

OCC Updates Recovery Planning Booklet of the Comptroller's Handbook

OCC updated the Recovery Planning booklet of the Comptroller’s Handbook.

March 15, 2019 WebPage Regulatory News

EBA Publishes Report on Convergence of Supervisory Practices Across EU

EBA published annual report on the convergence of supervisory practices in EU.

March 14, 2019 WebPage Regulatory News

CPMI-IOSCO Publish Update to Level 1 Assessment of PFMI Implementation

CPMI and IOSCO jointly updated the Level 1 Assessment Online Tracker on monitoring of the implementation of the Principles for financial market infrastructures (PFMI).

March 14, 2019 WebPage Regulatory News

Agustín Carstens of BIS Speaks About New Role of Central Banks

While speaking at the 20th anniversary conference of the Financial Stability Institute (FSI), Agustín Carstens, the General Manager of BIS, highlighted the need for regulatory actions in light of the continued evolution of financial technology.

March 14, 2019 WebPage Regulatory News

ESMA Analyzes Impact of Regtech and Suptech for Markets and Regulators

ESMA published the results of its analysis of the regulatory and supervisory technologies—also known as regtech and suptech—being developed in response to various demand and supply drivers in the financial sector.

March 14, 2019 WebPage Regulatory News

PRA Publishes Policy Statement on Group Supervision Under Solvency II

PRA published a policy statement (PS9/19) that provides feedback on responses to the consultation paper CP15/18 and the final supervisory statement SS9/15 (Appendix) on group supervision under Solvency II.

March 14, 2019 WebPage Regulatory News

ECB Announces Start Date for Euro Short-Term Rate

ECB announced that it will start publishing the euro short-term rate (€STR) as of October 02, 2019, reflecting the trading activity of October 01, 2019.

March 14, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 2759