Featured Product

    IAIS Publishes Newsletter for May 2018

    May 23, 2018

    The May issue of the IAIS newsletter highlights that IAIS will increasingly pivot to a greater emphasis on enhancing supervisory practices. Additionally, during its meeting, the Resolution Working Group (RWG) discussed several final revisions to supervisory material on recovery planning and to the ComFrame material integrated into ICP 12 on Exit from the Market and Resolution, before the consultation on ComFrame in its entirety begins in August. The RWG also discussed the first draft of the application paper on recovery planning, for which a public consultation is expected later this year.

    At the meeting of the Accounting and Auditing Working Group, the stakeholders received an update on the status of the activities and near-term plans of the Working Group, including the draft revisions to Insurance Core Principle (ICP) 20 (Public Disclosure), which is expected to be issued for public consultation by July. The Working Group also had constructive discussions with representatives of the International Actuarial Association on the work related on IFRS 17, with IASB on its IFRS 17 implementation support activities, with FSI on planned IFRS 17 initiatives, and with interested stakeholders on near-term work and considerations for 2019-20 work plans. Other updates are as follows:

    • Discussions, at the April meeting of the Supervisory Forum, covered supervisory approaches to stress testing, Own Risk and Solvency Assessment (ORSA) supervision, risk-based prioritization, off-site monitoring, and challenges for life insurers in a low interest rate environment.
    • IAIS released an annual key insurance risks and trends (KIRT) survey, to provide a better understanding of the key insurance risks and trends in different jurisdictions, based on 22 broad risk indicators.
    • The Systemic Risk Assessment Drafting Group made considerable progress on the development of a holistic framework for the mitigation of systemic risk, which will be the subject of a public consultation in late 2018.

    Keywords: International, Insurance, ICP, Newsletter, ComFrame, Supervisory Forum, ORSA, Systemic Risk, IFRS 17, IAIS

    Featured Experts
    Related Articles
    News

    EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio

    EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.

    November 19, 2020 WebPage Regulatory News
    News

    ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs

    In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.

    November 19, 2020 WebPage Regulatory News
    News

    IASB Begins First Phase of Post-Implementation Review of IFRS 9

    IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.

    November 18, 2020 WebPage Regulatory News
    News

    FSB Report Examines Progress in Resolvability of Systemic Institutions

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.

    November 18, 2020 WebPage Regulatory News
    News

    EBA Benchmarks National Insolvency Frameworks Across EU

    EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.

    November 18, 2020 WebPage Regulatory News
    News

    FSB Reports Assess Impact of Pandemic on Financial Stability

    FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.

    November 17, 2020 WebPage Regulatory News
    News

    RBNZ Consults on Implementation of Capital Review Changes

    RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.

    November 17, 2020 WebPage Regulatory News
    News

    IASB Announces Andreas Barckow as the New Chair from July 2021

    The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.

    November 17, 2020 WebPage Regulatory News
    News

    HKMA Consults on Capital Rules for Bank Equity Investments in Funds

    HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.

    November 17, 2020 WebPage Regulatory News
    News

    ESRB Supports Extension of Macro-Prudential Measure by Swedish FSA

    ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).

    November 17, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6153