The Issues Paper was prepared by the Insurance Groups and
Cross-Sectoral Issues Subcommittee. It reviews the current
approaches to the supervision of branches on a cross-border basis.
Work on the Issues Paper began with an in-depth survey, followed by
a review of the existing academic literature focusing on regulatory
requirements and supervisory practices such as solvency, licensing
and governance requirements as well as industry practices. The
purpose of the Issues Paper is to provide background, describe
current practices and identify related regulatory and supervisory
issues. Once finalised, the Paper may form part of the preparatory
work for further developing related standards.
Comments on the Issues Paper are invited from interested parties
before 15 August 2013.
Please click here to view the full text of the consultation
materials.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
