Archives - Financial Regulation and Supervision

• 1 September 2021 The use of artificial intelligence (AI) and machine learning (ML) by market intermediaries and asset managers

  The guidance measures propose guidance that member jurisdictions may consider adopting to address the conduct risks associated with the development, testing and deployment of AI and ML.

  Content Type(s): Compendium Source(s): IOSCO Policy Area(s): Financial Regulation and Supervision, Institutional and Market Infrastructure

• 30 August 2021 Application Paper on Macroprudential Supervision

  This Application Paper on Macroprudential Supervision (“Paper') provides further guidance on the supervisory material related to macroprudential supervision in Insurance Core Principle (ICP) 24.

  Content Type(s): Compendium Source(s): IAIS Policy Area(s): Financial Regulation and Supervision

• 20 August 2021 Continuity of access to FMIs for firms in resolution: Streamlined information collection to support resolution planning

  Updated questionnaire on continuity of access to financial market infrastructures (FMIs) for firms in resolution.

  Content Type(s): Compendium Source(s): FSB Policy Area(s): Financial Regulation and Supervision

• 20 August 2021 Continuity of access to FMI services (FMI intermediaries) for firms in resolution: Framework for information from FMI intermediaries to support resolution planning

  The framework seeks to help FMI intermediaries better understand which information clients and their resolution authorities may need from them.

  Content Type(s): Compendium Source(s): FSB Policy Area(s): Financial Regulation and Supervision

• 30 June 2021 Guidance on proliferation financing risk assessment and mitigation

  The Guidance aims to support countries, financial institutions, designated non-financial businesses and professions (DNFBPs) and virtual asset service providers (VASPs) to effectively implement FATF requirements on proliferation financing risk assessment and mitigation, introduced in October 2020.

  Content Type(s): Compendium Source(s): FATF Policy Area(s): Financial Regulation and Supervision

• 23 June 2021 Application Paper on Resolution Powers and Planning

  The Application Paper on Resolution Powers and Planning provides guidance for supervisors and resolution authorities in implementing a resolution framework, including setting up powers, as well as planning and issues around coordination and cooperation. This Paper is part of a broader project to help insurance supervisors apply the new standards on recovery and resolution as agreed in the Common Framework for the supervision of Internationally Active Insurance Groups (ComFrame) and the Holistic Framework for the assessment and mitigation of systemic risk in the insurance sector. Recovery and resolution frameworks help reduce the likelihood of a disorderly failure of insurers, as well as the potential adverse impacts of such a failure on policyholders and/or financial stability. An earlier Paper on recovery planning was published in 2019.

  Content Type(s): Compendium Source(s): IAIS Policy Area(s): Financial Regulation and Supervision

• 23 June 2021 Application Paper on Supervision of Control Functions

  The Application Paper on Supervision of Control Functions describes practices aimed at helping supervisors address issues related to the supervision of control functions as described in the Insurance Core Principles (ICPs) and the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame). In particular, the Application Paper supports observance of ICP 8 (Risk Management and Control Functions) and is relevant to ICP 5 (Suitability of Persons) and ICP 7 (Corporate Governance).

  Content Type(s): Compendium Source(s): IAIS Policy Area(s): Financial Regulation and Supervision

• 25 May 2021 Application Paper on the Supervision of Climate-related Risks in the Insurance Sector

  The Paper provides insurance supervisors with concrete tools to further strengthen their efforts in assessing and addressing risks to the insurance sector from climate change. It also sets out recommendations and examples of good practice, consistent with the Insurance Core Principles (ICPs). With this publication, the IAIS and SIF aim to promote a globally consistent approach to the supervision of climate-related risks.

  Content Type(s): Compendium Source(s): IAIS Policy Area(s): Financial Regulation and Supervision

• 14 April 2021 Peer Review of the United Kingdom

  Peer review on implementation of financial sector compensation reforms in the UK.

  Content Type(s): Peer Review Reports, Publications Source(s): FSB Policy Area(s): Compensation, Financial Regulation and Supervision, Peer Reviews

• 31 March 2021 Principles for operational resilience

  The objective of these guidelines is to promote a principles-based approach to improving bank’s operational resilience.

  Content Type(s): Compendium Source(s): BCBS Policy Area(s): Financial Regulation and Supervision