1 September 2021 The use of artificial intelligence (AI) and machine learning (ML) by market intermediaries and asset managersThe 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.
30 August 2021 Application Paper on Macroprudential SupervisionThis Application Paper on Macroprudential Supervision (“Paper') provides further guidance on the supervisory material related to macroprudential supervision in Insurance Core Principle (ICP) 24.
20 August 2021 Continuity of access to FMI services (FMI intermediaries) for firms in resolution: Framework for information from FMI intermediaries to support resolution planningThe framework seeks to help FMI intermediaries better understand which information clients and their resolution authorities may need from them.
20 August 2021 Continuity of access to FMIs for firms in resolution: Streamlined information collection to support resolution planningUpdated questionnaire on continuity of access to financial market infrastructures (FMIs) for firms in resolution.
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.
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).
23 June 2021 Application Paper on Resolution Powers and PlanningThe 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.
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.
31 March 2021 Principles for operational resilienceThe objective of these guidelines is to promote a principles-based approach to improving bank’s operational resilience.
The objective of these guidelines is to contribute to the high-quality audits of internationally active banks by communicating supervisory expectations for the audit of ECL estimates and providing questions that banks' audit committees may ask the external auditor.