Featured Product

    BaFin Consultation on Management of Sustainability Risks

    September 24, 2019

    BaFin published a consultation on dealing with sustainability risks. The consultation gives an orientation in dealing with the increasingly important issue of sustainability risks and provides numerous examples and questions for illustration purposes. BaFin sees its draft leaflet as a compendium of good practices that should apply in the light of the proportionality in the application supervised companies. The draft leaflet is, therefore, a useful supplement to the minimum requirements for risk management for credit institutions, insurance companies, and capital management companies. The consultation is open until November 03, 2019.

    The draft leaflet addresses topics such as strategies, responsible corporate governance, and business organization. BaFin believes that a strategic approach to sustainability risks and implementation in the companies it supervises is necessary. Risk management forms the central point of the leaflet. It deals with the risk identification, controlling processes as well as the "classical" methods and procedures, with particular emphasis on sustainability risks. Furthermore, the leaflet deals with stress test issues such as the scenario analyses, especially with regard to the company-specific tests, in addition to dealing with the transition scenarios and impact scenarios.

     

    Related Links (in German)

    Comment Due Date: November 03, 2019

    Keywords: Europe, Germany, Banking, Insurance, Securities, Sustainability Risk, ESG, Proportionality, Risk Management, Stress Testing, Governance, BaFin

    Featured Experts
    Related Articles
    News

    BCBS Consults on Revised Disclosures for Market Risk Framework

    BCBS launched a consultation on the revised disclosure requirements for the market risk framework for banks.

    November 14, 2019 WebPage Regulatory News
    News

    FSB Examines Implementation of Resolution Regimes in Financial Sector

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions and sets out plans for further work.

    November 14, 2019 WebPage Regulatory News
    News

    PRA Publishes Final Policy on Maintenance of TMTP Under Solvency II

    PRA published the policy statement (PS25/19) that contains the final supervisory statement (SS6/16) on maintenance of the transitional measure on technical provisions (TMTPs) under Solvency II.

    November 14, 2019 WebPage Regulatory News
    News

    BCBS Consults on Disclosure Templates of Sovereign Exposures of Banks

    BCBS published a consultation on the voluntary disclosure templates related to sovereign exposures of banks.

    November 14, 2019 WebPage Regulatory News
    News

    IAIS Adopts ComFrame, ICS, and Holistic Framework for Systemic Risk

    IAIS adopted a comprehensive set of reforms—Common Framework (ComFrame), Insurance Capital Standard (ICS) Version 2.0, and Holistic Framework for Systemic Risk—that will enable effective cross-border supervision of insurance groups and contribute to global financial stability.

    November 14, 2019 WebPage Regulatory News
    News

    PRA Publishes Templates for Statistical Disclosures Under Solvency II

    PRA published templates for statistical disclosures, as required under Article 31(2) of the Solvency II Directive.

    November 14, 2019 WebPage Regulatory News
    News

    FASB Proposes Improvements to Derivatives and Hedging Standard

    FASB proposed an Accounting Standards Update, on codification improvements to hedge accounting under Topic 815, to clarify certain sections of the 2017 hedge accounting standard (Update 2017-12).

    November 13, 2019 WebPage Regulatory News
    News

    FASB Approves Guidance to Assist in Transition to New Reference Rates

    FASB approved an Accounting Standards Update (Topic 848) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, the reference rate reform on financial reporting.

    November 13, 2019 WebPage Regulatory News
    News

    BIS and MAS Launch Innovation Hub in Singapore

    BIS and MAS launched the BIS Innovation Hub Center in Singapore.

    November 13, 2019 WebPage Regulatory News
    News

    MAS and Industry to Create Framework for Adoption of Responsible AIDA

    MAS announced that it is working with financial industry partners to create a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics (AIDA).

    November 13, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4142