Financial Regulation and Supervision

FSB launches consultation on supervisory and regulatory approaches to climate-related risks

The FSB is consulting on its recommendations, which aim to assist supervisory and regulatory authorities in developing their approaches to monitor, manage and mitigate cross-sectoral and system-wide risks arising from climate change and to promote consistent approaches across sectors and jurisdictions.

Internal Interconnectedness in Resolution Planning for Insurers: Practices Paper

This paper explores ways to map and assess financial and operational interconnectedness within an insurance group to facilitate effective resolution planning.

Resolution Funding for Insurers: Practices Paper

This paper provides an overview of the different sources of resolution funding available to insurers.

Guidance on Ways to resolve a financial cooperative while keeping the cooperative structure

This Guidance Paper analyses ways to resolve financial cooperatives - especially non-systemic ones - while keeping its members, assets and liabilities in the cooperative system.

Good Practices for Crisis Management Groups

This report sets out good practices that have helped Crisis Management Groups (CMGs) to enhance their preparedness for the management and resolution of a cross-border financial crisis affecting a Global Systemically Important Bank (G-SIB) as per the FSB Key Attributes.

Digital ID to Enhance Financial Inclusion: A toolkit for regulatory authorities

Comprehensive reference on good practices for leveraging digital ID for enhancing financial inclusion.

Application Paper on Combating Money Laundering and Terrorist Financing

This paper provides guidance on money laundering and terrorist financing risks affecting the life insurance sector and proposes measures to mitigate the associated risks.

Application Paper on Supervisory Colleges

The Application Paper on Supervisory Colleges describes the processes and practices related to the establishment and functioning of supervisory colleges for insurance groups with cross-border activities. In particular, the paper supports observance of Insurance Core Principle (ICP) 3 (Information Sharing and Confidentiality Requirements) and ICP 25 (Supervisory Cooperation and Coordination).

Environmental, Social and Governance (ESG) Ratings and Data Products Providers

The recommendations start with a proposal that regulators could consider focusing greater attention on the use of ESG ratings and data products and the activities of ESG rating and data products providers in their jurisdictions; followed by a set of recommendations addressed to ESG ratings and data products providers, setting out that they could consider a number of factors related to issuing high quality ratings and data products, including publicly disclosed data sources, defined methodologies, management of conflicts of interest, high levels of transparency, and handling confidential information; the recommendations also suggest that users of ESG ratings and data products could consider conducting due diligence on the ESG ratings and data products that they use within their internal processes; the recommendations close with suggestions that ESG ratings and data products providers, and entities subject to assessment by ESG ratings and data products providers could consider to improve information gathering processes, disclosures and communication between providers and entities subject to assessment.

Recommendations on Sustainability-Related Practices, Policies, Procedures and Disclosure in Asset Management

The recommendations aim to improve sustainability-related practices, policies, procedures and disclosures in the asset management industry, and include guidance on product disclosure, supervision and enforcement, terminology, and the relevant financial and investor education.

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