EIOPA, FCA, and PRA agreed on the Memoranda of Understanding (MoUs) for supervisory cooperation and exchange of information between the UK authorities and EU insurance supervisors in the event of the Brexit without a withdrawal agreement and implementation period.
The agreements consist of the following:
- A multilateral MoU with EU and European Economic Area (EEA) national competent authorities, covering supervisory cooperation, enforcement, and information exchange between UK and EU or EEA national supervisors
- An MoU with EIOPA, covering information exchange and mutual assistance between the UK authorities and EIOPA in the field of insurance regulation and supervision
Related Link: Press Release
Keywords: Europe, EU, UK, Insurance, MoU, Supervisory Cooperation, Information Exchange, EIOPA, FCA, PRA, BoE
Previous ArticleMAS Publishes Paper on Incentive Structures in Banking Industry
Next ArticleESMA Updates Q&A on Securitization Regulation
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.