Feedback statement issued for Ceiops' system of governance paper
FRANKFURT - The Committee of European Insurance and Occupational Pensions Providers (Ceiops) has released feedback to its issues paper on system of governance.
The governance paper, issued by Ceiops last November, sought comments on governance requirements, risk management, 'fit and proper' requirements, internal control, internal audit, actuaries and outsourcing.
Ceiops says responses were generally positive but included suggestions to amend its analysis, further material for Level 3 guidance and draft advice for the actuarial and outsourcing issues.
It has also provided clarification on a number of issues that it will not forward in its proposed advice to the European Commission. These include terms and definitions, functions, internal model context, group context and expansion of areas being developed.
The feedback statement can be read here.
More on Risk Management
ABSTRACT In this paper, we discuss investment allocation to multiple alpha streams that are traded on the same execution platform. This includes when trades are crossed internally, resulting in turnover...
Welcome to The Journal of Investment Strategies' Online First Forum. Here you will find the latest peer reviewed, accepted papers before they are available in print. With Online First publication,...
French bank, JP Morgan and Nomura have all lost senior clearing execs in past month
Welcome to The Journal of Credit Risk's Online First Forum. Here you will find the latest peer reviewed, accepted papers before they are available in print. With Online First publication, users can...
Sign up for Risk.net email alerts
Sponsored video: Elseware
Oxford professor David Vines argues that the carrot is as important as the stick
Sponsored webinar: IBM
Watch highlights of this year's London conference
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.