D-SIIs will be required to meet higher capital and enhanced corporate governance requirements, and establish RRPs and robust risk management information systems.
October 26, 2022The revised rules seek to align the domestic framework with IAIS standards, while also addressing corporate governance and risk management issues.
December 21, 2021The training will initially cover climate-related risk drivers, transmission channels, measurement methodologies, bank stress testing, insurance sector supervision, and TCFD disclosures.
November 9, 2021The IAIS estimates more than 35 percent of insurers’ investment assets are “climate-relevant”, i.e. exposed to climate risks.
October 6, 2021The initiative will see the establishment of a dedicated online portal for global training on climate risks for central banks and supervisors.
July 13, 2021Implementation of the plan will take three years and result in overall improvements to the international audit-related standard-setting system.
June 8, 2021New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.
May 26, 2021MAS proposes to enhance the current requirements relating to enterprise risk management, investment risk management and disclosure practices.
February 23, 2021Newly gazetted subsidiary legislation will allow the Insurance Authority to set capital, regulatory reporting and public disclosure requirements for insurance groups.
January 6, 2021GAIP will incubate new risk financing solutions for emerging risks in Asia and serve as a policy think tank, initially focusing on pandemic risk and climate risk.
November 5, 2020