Financial Stability Board

Archives - 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