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

    APRA Publishes Proposal to Increase Transparency of Banking Data

    APRA proposed to substantially increase the volume and breadth of data it makes publicly available on authorized deposit-taking institutions, including banks, credit unions, and building societies.

    December 05, 2019 WebPage Regulatory News
    News

    ESMA Consults on Guide to Internal Controls for Credit Rating Agencies

    ESMA launched a consultation on the guidelines on internal controls for credit rating agencies (CRAs).

    December 05, 2019 WebPage Regulatory News
    News

    EU Finalizes Directive and Prudential Rules for Investment Firms

    EU published, in the Official Journal of the European Union, the Directive (2019/2034) and Regulation (2019/2033) on the prudential requirements and supervision of investment firms.

    December 05, 2019 WebPage Regulatory News
    News

    OSFI Revises Guideline on Principles for Management of Liquidity Risk

    OSFI finalized Guideline B-6 on the principles for the management of liquidity risk.

    December 05, 2019 WebPage Regulatory News
    News

    PRA Consults on Framework to Manage Outsourcing and Third-Party Risk

    PRA published a consultation paper CP30/19 that sets out proposals to modernize the regulatory framework on outsourcing and third-party risk management.

    December 05, 2019 WebPage Regulatory News
    News

    BoE, PRA, and FCA Consult to Strengthen Operational Resilience

    BoE, PRA, and FCA published a shared policy summary and coordinated consultation papers on new requirements to strengthen operational resilience in the financial services sector.

    December 05, 2019 WebPage Regulatory News
    News

    EC Amends Rule on Mapping of External Credit Assessment Institutions

    EC published the implementing regulation (EU) 2019/2028, which amends Regulation 2016/1799, regarding the mapping tables specifying correspondence between the credit risk assessments of external credit assessment institutions (ECAIs) and the credit quality steps set out in the Capital Requirements Regulation.

    December 04, 2019 WebPage Regulatory News
    News

    EBA Issues Second Part of Advice on Implementation of Basel III in EU

    EBA published the second part of its advice on the implementation of Basel III in EU, which complements the report published on August 05, 2019.

    December 04, 2019 WebPage Regulatory News
    News

    EU Approves European Council Proposal on CCP Recovery and Resolution

    EU ambassadors approved the position of European Council on a proposed framework for clearing houses and their authorities to prepare for and deal with financial difficulties.

    December 04, 2019 WebPage Regulatory News
    News

    OSFI Releases Guideline on Foreign Bank Branch Deposit Requirements

    OSFI released the final version of Guideline A-10 on foreign bank branch deposit requirements, along with guideline impact analysis statement.

    December 04, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4268