Europe's insurers told the sector's watchdog on Thursday that plans to open up data-sharing must take into account lessons learnt from a similar exercise involving payment companies as well as considering the complexities of the market.
Financial institutions in Ireland will be well set to comply with new guidelines on outsourcing proposed by the Central Bank of Ireland (CBI) if they have already taken steps to update their service provider contracts and underlying policies to meet requirements set by three EU supervisory authorities.
<p><span>On May 21, ISDA, the Futures Industry Association (FIA) and the FIA European Principal Traders Association submitted a joint response to the European Commission (EC) questionnaire on the review of the three European Supervisory Authorities (ESAs) – the European Banking Authority, the European Insurance and Occupational Pensions Authority, and the European Securities and Markets Authority.</span></p>
Sponsored Sponsored content is premium paid-for content produced by The Irish Times Content Studio on behalf of commercial clients. The Irish Times newsroom or other editorial departments are not involved in the production of Sponsored content.
Bringing order to a fragmented pensions landscape
Ireland’s pension landscape is undergoing rationalisation, and change is on the way
about 3 hours ago Sponsored by PwC
Munro O’Dwyer, pensions partner at PwC: We need more people to save for pensions. Photograph: Getty Images
The transposition into Irish law of the Institutions for Occupational Retirement Provision (IORP) II directive at the end of April represented a game changing event for Irish pensions, says PwC pensions partner Munro O’Dwyer.