Ceiops members approve financial crisis guidelines
Daily news headlines
FRANKFURT - The Committee of European Insurance and Occupational Pensions Supervisors (Ceiops) has released its guidelines approved by its member supervisors for dealing with a financial crisis.
The document, entitled Guidelines on preparation for and management of a financial crisis complement existing guidelines for co-ordination committees and are aimed at furthering co-ordination between national supervisors, laid out by a 2008 memorandum of understanding on cross-border financial stability.
Ceiops has agreed on 37 points for supervisors to manage and prepare for financial crises. Ceiops - one of the level 3 committees - is currently mandated to encourage information sharing between supervisors through supervisory colleges.
Under proposals laid out in February's Larosiere report Ceiops could be developed into a European Insurance Authority capable of European Union-level supervision.
The guidelines are viewable here.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Regulation
FCA proposes using CME’s term SOFR for synthetic US Libor
IBA agrees to use rival’s ARRC-endorsed benchmark to avoid bifurcating the market
Receive this by email
Most read on Risk.net
- Podcast: Piterbarg and Antonov on alternatives to neural networks
- Climate risk managers debate role of client transition plans
- FCA proposes using CME’s term SOFR for synthetic US Libor
- Critical divergence in prices between Spikes and Vix after the Fed’s rate hike
- Equities clearing and CCP resilience: protecting post-trade from geopolitical turmoil