FSB calls on ISDA to insert a pre-cessation trigger alongside the cessation trigger in standard derivatives definition.
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19 November 2019
17 November 2019
FSB holds meeting of Regional Consultative Group for the Middle East and North Africa in Riyadh.
The IAIS has issued the Insurance Core Principles (ICPs) as the globally accepted framework for insurance supervision. The ICPs seek to encourage the maintenance of consistently high supervisory standards in IAIS member jurisdictions. A sound supervisory system is necessary for the protection of policyholders and promoting the stability of the financial system and should address the broad set of risks within, and posed by, the insurance sector.
14 November 2019
Report sets out progress on implementation of reforms to make financial institutions resolvable.
14 November 2019
Annual report on implementation of resolution reforms.
14 November 2019
FSB statement of support for the International Association of Insurance Supervisors’ insurance holistic framework.
14 November 2019
The finalised insurance holistic framework has been published by the International Association of Insurance Supervisors.
14 November 2019
FSB Chair Randal K. Quarles set out his support for the work of the International Association of Insurance Supervisors (IAIS) in a message to their annual conference in Abu Dhabi.
The Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame) establishes supervisory standards and guidance focusing on the effective group-wide supervision of Internationally Active Insurance Groups (IAIGs). ComFrame is a comprehensive and outcome-focused framework aimed at facilitating effective group-wide supervision of IAIGs, by providing qualitative and (in a future phase) quantitative supervisory minimum requirements tailored to the international activity and size of IAIGs.
14 November 2019
The Application Paper on Recovery Planning provides guidance with respect to supervisory material related to recovery planning in the Insurance Core Principles (ICPs) and the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame). In particular, it is related to the material in ICP 16.15 and ComFrame 16.15.a and 16.15.b (ICP 16 Enterprise Risk Management for Solvency Purposes), and is also relevant to supervisory cooperation and coordination arrangements set out in ICP 23 (The Group-wide Supervisor) and ICP 25 (Supervisory Cooperation and Coordination).