International Regulatory Updates
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) ...
MARCH 20, 2013
The European Securities and Markets Authority (ESMA) has formally approved the certification in the European Union of Kroll Bond Rating Agency Inc. (KBRA) under Article 16 of the CRA Regulation. The certification takes effect from 20 March 2013.
KBRA is headquartered in the United States of Ameri ...
MARCH 18, 2013
The European Securities and Markets Authority (ESMA) has published its second Annual Report on its supervision of credit rating agencies (CRAs) in the European Union.
The report summarises the supervisory work undertaken by ESMA, during 2012, in ensuring that CRAs complied with the CRA Regulation ...
MARCH 15, 2013
Organizations will cooperate on promoting worldwide risk based supervision and fostering consumer protection
FRANKFURT, March 15, 2013 - The European Insurance and Occupational Pensions Authority (EIOPA) and the World Bank have signed an operational Memorandum of Understanding (MoU) to cooperate ...
FEBRUARY 28, 2013
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have published a warning to retail investors about the dangers of investing in contracts for difference (CFDs).
The two authorities are concerned that during the current period of low investment returns, ...
FEBRUARY 22, 2013
EIOPA Report on Good Practices related to the provision of information for Defined Contribution (DC) schemes draws on the latest insights from behavioural economics and communication science to advise how information to pension scheme members should be presented;
EIOPA argues that effective infor ...
FEBRUARY 19, 2013
The European Securities and Markets Authority (ESMA) has published its Final Report on The Proxy Advisor Industry. The report contains an analysis of the responses received to its March 2012 consultation and sets out the next steps for ESMA and the industry.
The Report has found that there is no ...
