Insurance
Most central banks invest in derivatives
External managers facilitate wider use of these instruments
Covid-19, crypto and climate weigh on global economy – GFSR
“Intertemporal trade-offs” a challenge as some nations will not regain pre-Covid growth for “many years”, says IMF’s Adrian
Emerging market central banks regulate more sectors
A higher proportion are the sole banking, non-bank and micro-finance sector regulators
Pandemic did not harm public trust in Dutch banks – DNB survey
Central bank study says 80% of participants maintain confidence in financial sector
Regulating big tech and non-bank financial services in the digital era
Experiences from China highlight potential benefits of digital-bank and holding-company approaches
BoE’s Woods says PRA needs more rulemaking powers
PRA chief dismisses “caricature” of the “rampant regulator intent on crushing the industry”
BoE may diverge from EU on software as capital
PRA opens consultation after Bailey says there is no evidence software assets should count as capital
Central Bank of the UAE prepares to gain insurance powers
Insurance Authority is being merged into CBUAE as part of bid to become “top 10” central bank
FCA court victory gives clarity to SMEs over Covid disruption
Court ruling will see a larger number of businesses receive payouts from their insurers
BoE officials welcome stronger post-Brexit regulatory powers
Andrew Bailey says UK must not become a “rule-taker” on financial services
Canada launches climate risk scenario pilot
Project will test volunteer institutions for their exposure to climate change risk
RBNZ extends some emergency measures
New Zealand central bank delays capital changes again and may reinstate LTV limits
People: Shelton unlikely to have enough votes for Fed role
Judy Shelton’s nomination in doubt; Fed appoints new director of monetary affairs
Taiwan central bank open to more onshore insurer FX hedging
Central bank suggests lifers can use onshore swaps to hedge dividends, but some warn it could hit NDF market
The impact of AI adoption on supervisors
Triad of AI training, supervisor data scientists and suptech needed
The dawn of a safer and sounder European banking sector
Implementation of two pillars of banking union has led to significant improvements
Banks outpacing insurers with cloud adoption – BoE
UK financial institutions lean towards software when it comes to cloud outsourcing
Fiji’s central bank faces climate change challenge
Governor notes disaster risk management is evolving at rapid pace
Cyber stress tests reveal risks in Singaporean firms
Insurance firms report potential losses as high as $3.4 billion in MAS stress test
New Zealand’s life insurers failing to improve conduct risk management – Orr
RBNZ “underwhelmed” by response from life insurers to conduct recommendations
Climate risks may be uninsurable – DNB’s Elderson
NGFS chairman calls on the implementation of a carbon tax to help mitigate these risks
FSB warns gaps remain in resolution frameworks
Issues remain for central counterparties, global banks and insurers, report finds
France’s ACPR will not comply with Eiopa Brexit recommendation
ACPR is concerned over risks shifting from UK to France
RBNZ may raise insurance firms’ solvency levels
Governor expects review of insurers will lead to “series of thresholds”