Licensing

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Joint Guidelines on the Prudential Assessment of Acquisitions and Increases of Qualifying Holdings in the Financial Sector

EBA, EIOPA and ESMA joint guidelines on the assessment of qualifying holdings in financial institutions in the EU

European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority revised joint guidelines on the prudential assessment of acquisitions and increases by legal and natural persons in qualifying holdings in financial institutions: i) provide further clarity on key concepts, including indirect holdings, persons acting in concert and decision to acquire; ii) ensure a consistent interpretation of time limits by clarifying when supervisory authorities should provide an acknowledgement of receipt of notification regarding acquisitions of a qualifying holding in a financial institution and iii) clarify matters relevant to assessment of an acquisition, such as financial soundness of the proposed acquirer and suspicions of money laundering or terrorist financing.

Publisher: Regional Standard-Setting Bodies Release date: Dec 2016

Type: Guideline

Topics: Licensing, Money laundering and terrorist financing

Sectors: Banking, Insurance, Securities

Application Paper on Approaches to Supervising the Conduct of Intermediaries

IAIS standard for supervision of intermediaries and implementation of Insurance Core Principles 18 and 19

International Association of Insurance Supervisors standard sets out approach for supervision of intermediaries and implementation of Insurance Core Principles (ICPs) 18 (Intermediaries) and 19 (Conduct of Business). Discusses different types of intermediaries and diversity of intermediation, supervision of intermediaries in context of the overall supervisory framework, and outlines supervisory requirements and approaches that promote good conduct of business by intermediaries with reference to ICPs 18 and 19.

Publisher: Global Standard-Setting Bodies Release date: Nov 2016

Type: Standard

Topics: Corporate governance, Conduct, Licensing

Sectors: Insurance

Guidelines for Licensing of New Banks in the Private Sector

RBI guidelines for setting up new universal banks

Reserve Bank of India guidelines for setting up new universal banks in the private sector. Draft guidelines cover: i) eligible promoters; ii) fit and proper criteria; iii) corporate structure; iv) minimum capital requirement; v) regulatory requirement; vi) foreign shareholding in the bank; vii) corporate governance; viii) prudential norms; ix) exposure norms; x) business plan for the bank; xi) other conditions; and xii) additional conditions.

Publisher: National Regulators Release date: Aug 2016 Country: India

Type: Guideline

Topics: Licensing

Sectors: Banking

Guidelines on the Supervision of Branches of Third-Country Insurance Undertakings

EIOPA guidelines under Solvency II

European Insurance and Occupational Pensions Authority guidelines address authorization and supervision of branches of insurance companies based in countries outside the European Union (EU). Aims to ensure that policyholders dealing with such branches enjoy same level of protection that they would had they been dealing with an insurance undertaking situated in the EU, where financial soundness, risk management and governance arrangements of branch would be subject to the standards of the Solvency II Directive.

Publisher: Regional Standard-Setting Bodies Release date: Mar 2016

Type: Guideline

Topics: Supervisory framework, Licensing, Cross-border cooperation, Capital adequacy, Corporate governance, Transparency and disclosure

Sectors: Insurance

Regulatory Incentives for Insurance Market Development

Results of MN survey about most important regulatory issues in insurance

Microinsurance Network survey investigated which regulatory issues matter most to the industry when deciding to venture into development and distribution of inclusive insurance products. Survey received more than 100 responses from 46 different countries in Africa, Latin America and Asia.

Publisher: Others Release date: Jan 2016

Type: Consultative, discussion and issues paper

Topics: Financial inclusion, Licensing

Sectors: Microinsurance

Enhanced Competency Framework for Banking Practitioners

HKMA update on its efforts to develop professional standards

Hong Kong Monetary Authority update on its efforts and plans to develop professional standards and qualifications in banking. HKMA, in collaboration with banking industry and relevant professional bodes, will introduce industry-wide competency framework to support capacity building and talent development.

Publisher: National Regulators Release date: Dec 2015

Type: Law, Regulation and Policy

Peer: HKMA Supervisory Policy on Competence and Ethical Behaviour

Topics: Licensing, Corporate governance

Sectors: Banking

The Implementation of Ring-Fencing

PRA policy addressing legal structure, governance and continuity of services and facilities

UK Prudential Regulation Authority draft policy statement provides feedback on responses received to Consultation Paper 19/14 (published in October 2014) and amendments to draft rules and supervisory statements. Policy statement covers three areas: i) legal structure arrangements of banking groups subject to ring-fencing; ii) governance arrangements of ring-fenced bodies; and iii) arrangements to ensure continuity of services and facilities to ring-fenced bodies.

Publisher: National Regulators Release date: May 2015 Country: United Kingdom

Type: Law, Regulation and Policy

Peer: The Implementation of Ring-Fencing: Consultation on Legal Structure, Governance and the Continuity of Services and Facilities

Topics: Corporate governance, Financial conglomerates, Licensing, Systemic risk

Sectors: Banking

Pan-African Banks: Opportunities and Challenges for Cross-Border Oversight

IMF report on challenges for regulators and supervisors with the rise of pan-African banks

International Monetary Fund report: i) reviews the increasing emergence of pan-African banking groups; ii) identifies the consequent regulatory, supervisory and resolution challenges; and iii) makes recommendations on how to address those challenges.

Publisher: International Organizations Release date: Apr 2015

Type: Consultative, discussion and issues paper

Topics: Cross-border cooperation, Recovery and resolution, Corporate governance, Licensing, Transparency and disclosure

Sectors: Banking, Microfinance

Approaches to Conduct of Business Supervision

IAIS guideline for conduct of business supervision under the Insurance Core Principles

International Association of Insurance Supervisors guidance on scope of, and approaches to, conduct of business supervision under Insurance Core Principles (ICP) 9 (Supervisory Review and Reporting) and ICP 19 (Conduct of Business) and incorporating them into broader supervisory frameworks.

Publisher: Global Standard-Setting Bodies Release date: Oct 2014

Type: Guideline

Topics: Corporate governance, Licensing, Conduct, Supervisory framework

Sectors: Insurance

Capital Requirements - CRD IV/CRR – Frequently Asked Questions

EU FAQs regarding overall regulatory framework for banks and investment firms

European Union frequently asked questions addressing structure of regulatory framework, including supervisory structure, licensing, corporate governance requirements, prudential regulations including Basel III capital, liquidity, and leverage ratio requirements, and other issues.

Publisher: Regional Standard-Setting Bodies Release date: Jul 2013

Type: Consultative, discussion and issues paper

Parent: Capital Requirements Directive - CRD IV, Capital Requirements Regulation - CRR

Peer: A Review of Macro-Prudential Policy in the EU One Year After the Introduction of the CRD/CRR

Topics: Capital adequacy, Corporate governance, Liquidity risk and rules, Transparency and disclosure, Licensing, Supervisory framework

Sectors: Banking

Display # Page 2 of 3 Total: 22

Resources

382 records

Joint Guidelines on the Prudential Assessment of Acquisitions and Increases of Qualifying Holdings in the Financial Sector

Application Paper on Approaches to Supervising the Conduct of Intermediaries

Guidelines for Licensing of New Banks in the Private Sector

Guidelines on the Supervision of Branches of Third-Country Insurance Undertakings

Regulatory Incentives for Insurance Market Development

Enhanced Competency Framework for Banking Practitioners

The Implementation of Ring-Fencing

Pan-African Banks: Opportunities and Challenges for Cross-Border Oversight

Approaches to Conduct of Business Supervision

Capital Requirements - CRD IV/CRR – Frequently Asked Questions

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