Credit Suisse's resolution plan had two deficiencies relating to its cash flow forecasting capabilities and governance for its US operations. BNP Paribas had one shortcoming.
December 20, 2022The FSB will instead use assessments available through the IAIS Holistic Framework to inform its considerations of systemic risk in the insurance sector.
December 12, 2022The FSB said resolution planning for G-SIBs is maturing but more progress is needed on the development of resolution plans for CCPs and insurers.
December 9, 2022The new standard will come into effect from 1 January 2024 for banks and insurers and from 1 January 2025 for RSE licensees.
December 4, 2022The FSB is seeking stakeholder input to inform the revision of its framework for gathering information from FMI Intermediaries to support resolution planning.
September 15, 2022The prudential practice guides on financial contingency and resolution planning will be finalised in H1 2023 following a three month consultation.
September 7, 2022Resolution planning work will be prioritised for D-SIBs and other locally incorporated banks with total consolidated assets of more than HKD 150 billion.
July 26, 2022The interim standard will come into force on 1 January 2023. The RBNZ is also consulting on the penalties and enforcement tools it has available for supervising insurers.
March 11, 2022APRA says there will be a need for innovation in regulation and new rules, including to address how crypto-assets are treated for prudential purposes.
February 2, 2022The FSB requests feedback on two papers that seek to address issues for insurers related to resolution planning and interconnectedness.
January 12, 2022