Insurance

382 records

No records

Technical Standards on Securitisation Disclosure Requirements

ESMA technical standards to comply with EU Securitisation Regulation

European Securities and Markets Authority standard for: i) securitization disclosure requirements; and ii) operational standards for collecting, verifying, and accessing securitization data. Disclosure requirements for the exposures underlying securitizations cover the major underlying exposure types: residential mortgages, commercial mortgages, auto loans/leases, consumer loans, corporate loans (including SME loans), credit card receivables, and leases.

Publisher: Regional Standard-Setting Bodies Release date: Aug 2018

Type: Standard

Parent: Securitisation Regulation

Peer: Draft Standards on STS Securitisation Notifications

Topics: Securitization

Sectors: Insurance

Global Financial Innovation Network (GFIN)

FCA consultation sets out plan for a new "global sandbox" to enable innovative firms to interact with regulators around the world

UK Financial Conduct Authority consultation to create a global sandbox or Global Financial Innovation Network (GFIN) to provide a more efficient way for innovative firms to interact with regulators. Three main functions of the proposed GFIN would be: i) to act as a network of regulators to collaborate and share experiences of innovation in respective markets, including emerging technologies and business models; ii) to provide a forum for joint policy work and discussions; and iii) to provide firms with an environment in which to trial cross-border solutions .

Publisher: National Regulators Release date: Aug 2018 Country: United Kingdom

Type: Consultative, discussion and issues paper

Topics: Cross-border cooperation, FinTech, Financial inclusion

Sectors: Insurance

Understanding Cyber Insurance - A Structured Dialogue with Insurance Companies

EIOPA report concludes that a deeper understanding of cyber risk is the core challenge for the European cyber insurance industry

European Insurance and Occupational Pensions Authority report provides insights on the functioning, growth potential, challenges and risks of cyber insurance in Europe in the context of the expected growing importance of cyber insurance in the portfolios of (re)insurers. Addresses important key findings, especially the clear need for improved understanding of cyber risk. This report is the first attempt by EIOPA to enhance the level of understanding of cyber risk underwriting with a focus on the European insurance market.

Publisher: Regional Standard-Setting Bodies Release date: Aug 2018

Type: Consultative, discussion and issues paper

Topics: Cyber risk, Consumer education and protection, Operational risk

Sectors: Insurance

Risk-based Global Insurance Capital Standard Version 2.0

IAIS consultation on issues related to ICS 2.0

International Association for Insurance Supervisors consultation on issues related to the Insurance Capital Standards (ICS) Version 2.0 monitoring period and technical aspects of the design and calibration of ICS Version 2.0. Discusses: i) expectations for IAIS and supervisors during the five-year monitoring period of the reference ICS and additional supplementary reporting; ii) reference component; iii) additional reporting and other methods of calculation of the ICS capital requirement, including internal models; and iv) incremental costs and benefits of the ICS for internationally active insurance groups (IAIGs).

Release date: Jul 2018

Type: Consultative, discussion and issues paper

Peer: Risk-Based Global Insurance Capital Standard, Implementation of Insurance Capital Standard Version 2.0, Insurance Capital Standard Version 1.0 for Extended Field Testing

Topics: Risk-based supervision, Capital adequacy, Systemically important financial institutions (SIFIs)

Sectors: Insurance

Deadline for comments: Oct 2018

FCA Mission: Approach to Consumers

FCA report on its approach to regulating for benefit of consumers

Financial Conduct Authority report sets out its approach to regulating for consumers and its desire for markets where: i) high-quality, good value products and services that meet consumers' needs are available; ii) consumers can buy the products and services they need and the way in which they are sold is clear, fair and not misleading; and iii) the needs of vulnerable consumers are taken into account.

Publisher: National Regulators Release date: Jul 2018 Country: United Kingdom

Type: Consultative, discussion and issues paper

Topics: Consumer education and protection, Transparency and disclosure, Financial inclusion

Sectors: Insurance

Draft Standards on STS Securitisation Notifications

ESMA draft standards regarding notifications applicable to simple, transparent and standardized (STS) securitization

European Securities and Markets Authority draft regulatory and implementing contain detailed arrangements to promote the new European regulatory framework for securitizations. The standards specify the format that the originators and sponsors of securitization products are required to notify to ESMA for securitization transactions that meet the STS requirements.

Publisher: Regional Standard-Setting Bodies Release date: Jul 2018

Type: Standard

Parent: Securitisation Regulation

Peer: Technical Standards on Securitisation Disclosure Requirements

Topics: Securitization, Transparency and disclosure

Sectors: Insurance

Big Data Meets Artificial Intelligence

BaFin consultation sets out challenges and implications for the supervision and regulation of financial services

Federal Financial Supervisory Authority of Germany (BaFin) consultation: i) addresses technological developments of big data analytics and artificial intelligence; ii) elaborates scenarios outlining the potential impact these technologies might have on the financial market and market players; and iii) highlights potential implications for financial supervisory authorities. Consultation aims to initiate discussion on the impact of digitalization on established market and supervisory structures.

Publisher: National Regulators Release date: Jul 2018 Country: Germany

Type: Consultative, discussion and issues paper

Topics: Financial inclusion, Financial market infrastructure, Consumer education and protection, Operational risk, FinTech

Sectors: Insurance

Corporate Governance: Board Responsibilities

PRA supervisory statement identifies areas of governance that are of greatest importance

UK Prudential Regulation Authority supervisory practice statement sets out areas of governance that are most important to PRA and to which its will give most attention. Preferred outcome is an effective board that: i) establishes sustainable business model and clear strategy consistent with that model; ii) oversees clear and measureable statement of risk appetite against which major business options are actively assessed; and iii) meets its regulatory obligations, is open with regulators and creates culture that supports prudent management.

Publisher: National Regulators Release date: Jul 2018 Country: United Kingdom

Type: Supervisory Practice

Peer: Financial Management and Planning by Insurers

Topics: Corporate governance

Sectors: Insurance

Strengthening Individual Accountability in Insurance

PRA supervisory statement sets out expectations of how firms should comply with its Senior Insurance Managers Regime

UK Prudential Regulation Authority supervisory statement sets out expectations of how firms should comply with the regulatory framework of the Senior Insurance Managers Regime (SIMR) including: i) compliance with the SIMR; ii) application of conduct standards and associated notifications; and iii) assessing fitness and propriety.

Publisher: National Regulators Release date: Jul 2018 Country: United Kingdom

Type: Supervisory Practice

Topics: Conduct, Corporate governance

Sectors: Insurance

The Post-Crisis Challenges Facing Supervisors

TC note discusses how emerging markets can approach the implementation of post-crisis and other regulatory reforms

Toronto Centre Note discusses how emerging markets can approach implementation of recent regulatory reforms. Considers the challenges for supervisors stemming from more wide-ranging, robust and complex regulatory requirements, provides an overview of emerging risks and supervisory responses, and discusses the importance of supervisory cooperation. Identifies key challenges as: i) proportionate implementation of reforms; ii) tailoring regulation and supervision to emerging market economies; iii) maintaining a focus on fundamental issues such as credit and insurance underwriting risks; and iv) assessing emerging risks such as those arising from FinTech and cyber security.

Publisher: Toronto Centre Release date: Jul 2018

Type: TC Notes

Topics: Systemically important financial institutions (SIFIs), Cross-border cooperation, Risk-based supervision, Supervisory framework, FinTech

Sectors: Insurance

Display # Page 4 of 45 Total: 441

Start
Prev
1
2
3
4
5
6
7
8
9
10
Next
End

Resources

382 records

Technical Standards on Securitisation Disclosure Requirements

Global Financial Innovation Network (GFIN)

Understanding Cyber Insurance - A Structured Dialogue with Insurance Companies

Risk-based Global Insurance Capital Standard Version 2.0

FCA Mission: Approach to Consumers

Draft Standards on STS Securitisation Notifications

Big Data Meets Artificial Intelligence

Corporate Governance: Board Responsibilities

Strengthening Individual Accountability in Insurance

The Post-Crisis Challenges Facing Supervisors

Browse by Category

TC Notes

Sector

Topic

Country

Resource Type

Year Released

Publisher Type