DNB issued insurance newsletter for November 2017. This issue highlights that DNB adopted its Vision on Supervision 2018-2022, with the key focus areas being technological innovation combined with sustainability and orientation toward future, proportionality of supervision, and financial position of the insurers, mainly solvency of life and funeral insurers (which is under pressure).
Other key focus areas of the newsletter are as follows:
- Update on several studies conducted on the use and operation of the systematic integrity risk analysis (SIRA) of banks in practice
- Second set of advice on other elements of the Solvency II capital requirements by EIOPA
- Update on the calendar for insurers
Keywords: Europe, Netherlands, Insurance, Newsletter, Solvency II, QIS Calendar, DNB
Previous ArticleFrançois Villeroy de Galhau of ACPR Speaks on Bank Resolution
RBNZ published the financial stability report for May 2020. This review of the financial system in the country highlights that the economic disruption associated with COVID-19 will present challenges to the financial system.
Financial policymakers and international standard-setters met virtually with private-sector executives to discuss international policy responses to COVID-19 pandemic.
HKMA is consulting on revisions to 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 published thematic note presenting a preliminary assessment of the impact of COVID-19 outbreak on the banking sector in EU.
HKMA published a circular, addressed to authorized institutions, on the application of the Basel Committee guidance on certain COVID-related measures.
PRA provided further information on the application of regulatory capital and IFRS 9 requirements to payment holidays granted or extended to address the challenges arising from COVID-19 outbreak.
PRA published final policy (in PS13/20) setting out the approach and expectations for authorization and supervision of insurance special purpose vehicles (ISPVs or insurance SPVs).
BoE published version 2.0.1 of the Capital+ XBRL Utility, along with the related release notes.
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.