Use test

Feedback to firms

Advantages of feedback

Timing of feedback

Instant feedback

Regular feedback

Content of feedback

Positive feedback

Negative feedback

Record conclusions, closed findings, open findings

Challenges of feedback

Colleges agreements

Quality Assurance

Apply to ourselves what we ask firm to apply

QA Good practices

Four-eyes principle

Managemant sign-off

EU peer assessment

Supervisory tools

EIOPA Application template

Cross-undertakings review team

Organization of the whole review process

EU-wide good practices on Review process

Definition of common review steps

By risk module

By IM building block

Other

Degree of flexibility

Subtopic

Feedback from firms

Performing reviews

Apply proportionality

Complications related to groups

Niche players

Allocation of ressources

Balance of on-site/off-site reviews

Some IMaspects trigger an on-site

Use test

Governance

Documentation

Diversification

On-site team structure & staffing

Balance of Qualitative/Quantitative reviews

Challenges in IM assessment

Confidentiality

Prior to the start of reviews

Documentation recieved from firms

Standards for the documentation

Granularity

Format

Versioning

Proactive contact by the NSA

Communication channels & exchange of information

And after approval?

On-going approprateness

Rerular IM Reporting

Capital add-ons

approval of Major Model Changes

Need for punishing measures?

Supporting tools

IT system for recording and tracking results of reviews