International Regulatory Updates
MAY 13, 2013
1. Introduction
1.1. The current proposal aims to refine the existing selection procedure for the purpose of establishing the EIOPA Insurance and Reinsurance Stakeholder Group (IRSG) and the Occupational Pensions Stakeholder Group (OPSG) in the upcoming selection process. It also builds on the ex ...
APRIL 25, 2013
LONDON (Standard & Poor's) April 24, 2013--Standard & Poor's Ratings Services believes that the combination of factors behind Cyprus' difficulties is not currently replicated in other small, financially-focused eurozone economies. This is according to a report titled "Small Countries, Big Ba ...
APRIL 16, 2013
APRIL 15, 2013
The European Securities and Markets Authority (ESMA) has published a peer review report examining whether EU securities supervisors correctly apply ESMA’s guidelines on money market funds (MMFs). The review compared supervisory and enforcement practices for MMFs of 30 supervisory authorities acros ...
APRIL 12, 2013
First report by the Joint Committee of the European Supervisory Authorities (ESAs) on cross-sectoral risks facing the EU financial system;
Key risks facing EU financial markets include weak macroeconomic outlook; low interest rate environment; risk of further fragmentation on the single market; i ...
APRIL 05, 2013
The Guidelines follow up the Guidelines on complaints handling by insurers, thereby seeking to ensure a “complete circle of protection” for consumers;
They provide guidance on insurance intermediaries’ internal systems and control for complaints handling, the provision of information to con ...
APRIL 04, 2013
APRIL 02, 2013
Frankfurt, 2 April 2013 – The Steering Committee of the EU+U.S. Insurance Dialogue Project to increase mutual understanding and enhance cooperation met in Basel, Switzerland on 21 March 2013 and agreed on a high level work plan from 2013 to 2017. The parties achieved agreement on a prioritization ...
MARCH 28, 2013
Press Statement. ...
MARCH 27, 2013
EIOPA Guidelines put the emphasis on the preparation by National Competent Authorities (NCA’s) and the industry on key aspects of Solvency II: system of governance, including risk management, forward looking assessment of undertaking's own risk (based on the Own Risk and Solvency Assessment (ORSA) ...
