This document, prepared in close co-operation with non-G10 supervisory authorities, is intended to be a basic reference for supervisory and other public authorities in all countries and internationally.
To assist the assessment process of the Core Principles for Effective Banking Supervision (September 1997, revised October 2006), the Basel Committee has developed a methodology for use in compliance assessments.
The Insurance Core Principles comprise essential principles that need to be in place for an insurance supervisory system to be effective.
The Insurance Core Principles Methodology provides criteria to facilitate assessments of observance of the Insurance Core Principles that are comprehensive, precise and consistent.
Intended as an essential building block in the development of more detailed standards relating to capital adequacy and solvency, this paper elaborates 14 principles for evaluating the solvency of life and non-life insurance undertakings.
This paper sets out a standard for efficient and regular exchange of information between supervisory bodies, both within the insurance sector and between different financial services sectors.
This paper provides guidance on the public disclosure of reliable and timely information, involving both the quality of disclosure by insurers and the nature of the information being disclosed.
Prepared by the Insurance Fraud Subcommittee, this document addresses the increasing use of financial institutions, including insurance entities, to launder the proceeds of crime.
This standard covers the indirect supervision of reinsurance.
This paper provides a benchmark for bank supervisors to establish national practices and banks to design their own Know Your Customer (KYC) programmes.
The report by the CPSS-IOSCO Joint Task Force on Securities Settlement Systems identifies minimum requirements that securities settlement systems should meet and the best practices that systems should strive for.
This standard builds on the Joint Forum Coordination Paper that establishes general principles for the role of a coordinator regarding the supervision of financial conglomerates.
This paper extends the scope of the Joint Forum paper, Fit and Proper Principles, to single insurance entities and to insurance groups.
These principles state that supervisors' approach to insurance activities on the internet should be consistent with the approach applied to insurance activities via other media.
This paper specifically addresses the following areas: (i) establishing an appropriate credit risk environment; (ii) operating under a sound credit-granting process; (iii) maintaining an appropriate credit administration, measurement and monitoring process; and (iv) ensuring adequate controls over credit risk.
This document outlines principles for banking, securities, and insurance supervisors for ensuring through the regulatory and supervisory process, the prudent management and control of 1) risk concentrations (RCs) and 2) intra-group transactions and exposures (ITEs) of risk concentrations.
These principles aim to improve the relationship among insurers, intermediaries and consumers, thereby strengthening consumer confidence in the industry.
This standard describes the essential elements of a sound asset management system and reporting framework across the full range of investment activities.
This document outlines principles for banking, securities, and insurance supervisors for ensuring through the regulatory and supervisory process, the prudent management and control of risk concentrations.
This paper, issued jointly by the Basel Committee on Banking Supervision and the IOSCO Technical Committee, provides updated guidance to banks and securities firms on public disclosures in the trading and derivatives activities areas.
These principles aim to improve the supervision of internationally active insurance companies, stating that all insurance establishments should be subject to effective supervision, that authorisation involving cross-border activities should be subject to consultation between the relevant supervisors, and that provisions should be made for external audits and for information sharing with other supervisors and that foreign insurers providing insurance cover on a cross-border services basis are subject to effective supervision (revised December 1999).
The document provides guidance to banks and banking supervisors on the recognition and measurement of loans, establishment of loan loss allowances, credit risk disclosure and related matters.
This document provides guidance on the supervision of financial conglomerates.
This paper sets out sound practice standards for the management of counterparty credit risk inherent in banks' trading and derivatives activities with highly leveraged institutions (HLIs).
This standard provides guidance to supervisors in assessing how insurers control risks in derivatives. It sets out risk management controls for insurers active in derivatives and a reporting framework, applicable across the full range of potential activities.
