Insurance Regulatory Watch – October 2021
Our Insurance Regulatory Watch provides you a clear and simple overview of the latest regulatory developments and publications in the insurance sector, in the domains of Regulatory Change & Compliance, Sustainability, Risk Culture & Governance and Financial Crime at the international, European and Belgian level.
Topics
- Regulatory Change & Compliance
- Sustainability
- Risk Culture & Governance
- Financial Crime
Regulatory Change & Compliance
Focus areas : Brexit - Consumer protection – PRIIPs – Regulatory Outlook
- Joint Committee of the ESAs 2022 Work Programme
- EIOPA's Revised Single Programming Document 2022-2024
- EIOPA's strategic priorities for the coming year
- ESA's sectoral report on the supervisory independence of National Competent Authorities
- EIOPA's Supervisory handbook introduction and table of content
- ESA's call for evidence regarding the PRIIPs (Packaged retail and insurance-based investment products) Regulation
Sustainability
Focus areas: impact of sustainable finance on insurance
- EIOPA's new mandates for further action on sustainable finance proposed by the new EC Solvency II review
- FSB 2021 Status Report from the Task Force on Climate-related Financial Disclosures
- ESAs' Final Report on taxonomy related product disclosure Regulatory Technical Standards (RTS)
Risk Culture & Governance
Focus areas: Business continuity / operational resilience – COVID – Culture - Governance & risk management - Open insurance – Outsourcing - Solvency II - Information and Communication Technology - Technology / Data / Innovation
- EIOPA's comments on Solvency II proposals from the European Commission
- EIOPA's report on Failures and near misses in insurance
- NBB notice regarding the adaptation in line with inflation of the amounts on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)
Financial Crime
Focus areas: AML/CFT - Financial Crime - Fraud
- FATF's Report on Digital Transformation of AML/CFT for Operational Agencies
- FATF's high level synopsis on mitigating the Unintended Consequences of the FATF Standards
- FATF's Survey result on the implementation of Cross Border Payments Standards
- FAFT's open consultation on the proposals for amendments on the transparency and beneficial ownership of legal persons
- Egmont's group Report on FIU's capabilities and involvement in the fight against the financing of extreme right-wing terrorism
The Ensur Insurance Regulatory Watch is not intended to serve as legal advice and is provided for informational purposes only. It is not intended to form the basis of any decisions and you should not rely on its content for any purposes whatsoever.
