Page 31 - Key Attributes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BIS: Institutional Arrangements For Bank Resolution Date The Financial Stability Board's  Key Attributes of Effective Resolution Regimes for Financial Institutions, adopted in response to the Great Financial Crisis, is the global standard for bank resolution frameworks. Core to the institutional arrangements for resolution specified by the Key Attributes is an administrative resolution authority that is operationally independent. Irrespective of where resolution functions are located – eg within the central bank, the supervisory authority or the deposit insurer – there should be gov...

To print this article, all you need is to be registered or login on Mondaq.com. In 2020, there were numerous changes to regulation of the insurance sector in Canada, both in response to COVID-19 and in keeping with regulators' long-term plans. This article provides a recap of some of the major changes that insurance companies and other industry participants should keep in mind in 2021. 1. REGULATORY CHANGES Saskatchewan's New Insurance Legislation The Insurance Act  (Saskatchewan) and its regulations came into force on January 1, 2020. The new Act created new licensin...

Friday, January 29, 2021 In our December edition of Experience Insurance, we reported on the Annual Conference of the International Association of Insurance Supervisors (IAIS). We now turn our international lens to recent international activity related to insurance insolvency policy, or in the international vernacular, “resolution” policy. International Association of Insurance Supervisors In 2019, the IAIS adopted the Insurance Core Principles (ICPs) and Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame). The ICPs provide a global framew...