Annual report on implementation of resolution reforms.
14 November 2019
14 November 2019
Report sets out progress on implementation of reforms to make financial institutions resolvable.
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
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
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).
12 November 2019
FSB holds meeting of Regional Consultative Group for Europe in Basel.
7 November 2019
FSB Plenary meets in Paris to review vulnerabilities in the global financial system, discuss FinTech developments and ongoing work, and agree its work programme for 2020.