International Regulatory Updates

Stress tests represent one of the regular supervisory tools that help to assess the resilience of the insurance sector to potential adverse market developments and to extract valid conclusions to support the stability of the financial system. The 2016 exercise is tailored to assess the insurance ...

Inside this issue: Growth continues to persist in 2015 Compliance with the Requirements on Corporate Governance Changes to Share Capital Economic Market Overview Report IMF report European Supervisory Authorities Press Releases MFSA Circulars & Consultations MFSA Licenc ...

The Chairpersons of the three European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – sent a joint letter on cross-selling of financial products to Jonathan Hill, the European Commissioner for Financial Stability, Financial Services and Capital Markets Union. In this letter the ESAs r ...

Appointment of Fausto Parente is subject to confirmation by the European Parliament. Fausto Parente is currently Head of the Supervisory Regulation and Policy Directorate of IVASS – Istituto di Vigilanza sulle Assicurazioni. Click here to access the full press release. ...

In the context of the forthcoming implementation of the IFRS 9 Financial instruments standard (IFRS 9) in the EU, the European Banking Authority (EBA) is launching an impact assessment of the standard on a sample of approximately 50 institutions across the EU. This exercise, which is not linked t ...

Appointment of Fausto Parente is subject to confirmation by the European Parliament. Fausto Parente is currently Head of the Supervisory Regulation and Policy Directorate of IVASS – Istituto di Vigilanza sulle Assicurazioni. Click here to access the full press release. ...

The European Insurance and Occupational Pensions Authority (EIOPA) today announced the results of the European Union stress test for Occupational Pensions. The objectives of the stress test were to produce a comprehensive picture of the heterogeneous European occupational pensions’ landscape; to t ...

The European Banking Authority (EBA) published today revised final draft technical standards and Guidelines on the further specification of the indicators of global systemic importance and their disclosure. The need for this revision was prompted by the new data template and some minor changes intro ...

The EBA has received a notification from Banco de Portugal on the completion of the resolution of Banco Espírito Santo through the re-transfer of five senior bonds from Novo Banco to Banco Espírito Santo. Please click here to see in detail the decisions of Banco de Portugal that complete the ...

All stakeholders including consumers will benefit from the new risk based regime. Solvency II is a modern, robust and proportionate supervisory framework. Click here to access the full press release. Click here to access the explanation Solvency II explained. ...