Featured Product

    IAIS Publishes Newsletter for February 2018

    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

    Featured Experts
    Related Articles
    News

    EBA Updates List of Validation Rules for Reporting by Banks

    EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.

    September 10, 2020 WebPage Regulatory News
    News

    EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework

    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).

    September 10, 2020 WebPage Regulatory News
    News

    NGFS Advocates Environmental Risk Analysis for Financial Sector

    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.

    September 10, 2020 WebPage Regulatory News
    News

    MAS Issues Guidelines to Promote Senior Management Accountability

    MAS published the guidelines on individual accountability and conduct at financial institutions.

    September 10, 2020 WebPage Regulatory News
    News

    APRA Formalizes Capital Treatment and Reporting of COVID-19 Loans

    APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.

    September 09, 2020 WebPage Regulatory News
    News

    SRB Chair Discusses Path to Harmonized Liquidation Regime for Banks

    SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.

    September 09, 2020 WebPage Regulatory News
    News

    FSB Workshop Discusses Preliminary Findings of Too-Big-To-Fail Reforms

    FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.

    September 09, 2020 WebPage Regulatory News
    News

    ECB Updates List of Supervised Entities in EU in September 2020

    ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.

    September 08, 2020 WebPage Regulatory News
    News

    OSFI Identifies Focus Areas to Strengthen Third-Party Risk Management

    OSFI published the key findings of a study on third-party risk management.

    September 08, 2020 WebPage Regulatory News
    News

    FSB Extends Implementation Timeline for Framework on SFTs

    FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.

    September 07, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5796