DNB issued the banking and insurance newsletters for May 2019. The newsletters highlight that Central Banks and Supervisors Network for Greening the Financial System (NGFS) published a “Call for Action” with six concrete recommendations on making the financial system more sustainable. The key recommendations are related to integrating climate-related risks into financial stability monitoring and micro-supervision, building awareness and encouraging technical assistance and knowledge-sharing, supporting the development of a taxonomy of economic activities, and achieving robust and internationally consistent climate and environment-related disclosures.
The the newsletters include:
- Update on the questions and answers (Q&A) on “DNB Assessment framework for Information security for DNB research” and made it more accessible to administrators and policymakers.
- Update on the recent relevant publications by ECB, EBA, EC, and other international forums.
- Good practices for intra-group agreements and positions of insurers.
- Update on a study, among ten medium-size insurers, into the management of operational and IT risks. The study shows that insurers can implement the application of EIOPA's guidelines on risk management more emphatically in that regard.
- Update on the calendar for banks.
Keywords: Europe, Netherlands, Banking, Insurance, Newsletter, QIS Calender, Q&A, Climate-Related Financial Risk, Sustainable Finance, DNB
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