Archives - Financial Regulation and Supervision
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14 November 2019 Application Paper on Recovery Planning
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). -
14 November 2019 Holistic Framework for the assessment and mitigation of systemic risk in the insurance sector (“Holistic Framework“)
In November 2019, the IAIS adopted the holistic framework for the assessment and mitigation of systemic risk in the insurance sector (“holistic framework'), for implementation from the beginning of 2020. The holistic framework is an integrated set of supervisory policy measures, a Global Monitoring Exercise, and implementation assessment activities. -
14 November 2019 Common Framework for the Supervision of Internationally Active Insurance Groups
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. -
24 October 2019 Best Practices on Beneficial Ownership for Legal Persons
The best practices paper contains cases and examples from across the global network of FATF and FATF-Style regional bodies' members to help countries better implement requirements on transparency regarding beneficial ownership of companies, foundations, associations and other types of legal persons, and prevent their abuse for financial crimes and terrorism. -
22 October 2019 Supervisory guidelines on the integration of ESG factors in the investment and risk management of pension funds
This document contains a set of guidelines on the integration of ESG factors in the area of supervision of pension fund investment and risk management to assist regulators, supervisors and other entities involved in pension funds supervision. -
2 July 2019 OECD Recommendation on Consumer Protection in the field of Consumer Credit
The OECD Recommendation on Consumer Protection in the field of Consumer Credit sets out a comprehensive set of measures for the effective regulation and supervision of consumer credit transactions in order to promote fair outcomes for consumers and businesses alike. -
26 June 2019 Guidance for a risk-based approach for the accounting profession
The risk-based approach Guidance for the accounting profession highlights the need for a sound assessment of the money laundering and terrorist financing risks that accountants face so that their policies, procedures and ongoing customer due diligence measures mitigate these risks. -
26 June 2019 Guidance for a risk-based approach for legal professionals
The guidance aims to support legal professionals in the design of effective risk-based measures to manage their ML/TF risks, when establishing or maintaining business relationships. -
26 June 2019 Guidance for a risk-based approach for trust and company service providers
The guidance aims to support trust and company service providers in the design of effective risk-based measures to manage their ML/TF risks, when establishing or maintaining business relationships. -
1 May 2019 Guidance on Deposit Insurers’ Role in Contingency Planning and System-wide Crisis Preparedness and Management
The Guidance Paper provides supplementary guidance to the IADI Core Principles for Effective Deposit Insurance Systems and a direction for the implementation and strengthening of deposit insurers’ contingency planning and crisis preparedness and management frameworks.