/

Nematrian Reference Library

[this page | back links]

Set out below is information (held by the Nematrian website) on the reference you have selected

Introduction (partial) "On 9 October 2013, the IAIS announced its plan to develop a risk-based global insurance capital standard (ICS) by 2016. This was in response to the request by the Financial Stability Board (FSB) that the IAIS produce a work plan to create “a comprehensive group-wide supervisory and regulatory framework for Internationally Active Insurance Groups.” In its statement of 18 July 2013 the FSB stated that “a sound capital and supervisory framework for the insurance sector more broadly is essential for supporting financial stability.” … This Consultation Document (CD) is the second consultation document on the ICS. The first consultation document was issued on 17 December 2014 (2014 ICS CD) with responses due on 16 February 2015. The volume of the response to the 2014 ICS CD was unprecedented in IAIS history and over the course of a year, the IAIS diligently worked through the valuable comments received. The IAIS’ responses to the comments received were published in four tranches beginning in June 2015 and ending in March 2016. … The purpose of this CD is to solicit feedback from stakeholders on the proposed ICS ahead of the completion of ICS Version 1.0 for confidential reporting, due to be completed by mid-2017."

See here to choose a new Category/Sub-Category or here for a list of all references held by the Nematrian website. Please contact us if any of the above material is inaccurate or if there are references you think should be included that we have excluded or vice-versa.

---