Use test
Supporting tools
IT system for recording and tracking results of reviews
And after approval?
Need for punishing measures?
approval of Major Model Changes
Capital add-ons
Rerular IM Reporting
On-going approprateness
Prior to the start of reviews
Communication channels & exchange of information
Proactive contact by the NSA
Documentation recieved from firms
Standards for the documentation
Versioning
Format
Granularity
Performing reviews
Challenges in IM assessment
Confidentiality
Balance of Qualitative/Quantitative reviews
Balance of on-site/off-site reviews
On-site team structure & staffing
Some IMaspects trigger an on-site
Diversification
Documentation
Governance
Allocation of ressources
Apply proportionality
Niche players
Complications related to groups
Feedback from firms
Organization of the whole review process
Subtopic
Degree of flexibility
Definition of common review steps
Other
By IM building block
By risk module
EU-wide good practices on Review process
Quality Assurance
QA Good practices
Cross-undertakings review team
Supervisory tools
EIOPA Application template
EU peer assessment
Managemant sign-off
Four-eyes principle
Apply to ourselves what we ask firm to apply
Feedback to firms
Challenges of feedback
Colleges agreements
Record conclusions, closed findings, open findings
Content of feedback
Negative feedback
Positive feedback
Timing of feedback
Regular feedback
Instant feedback
Advantages of feedback
