Kategorier: Alla - feedback - assessment - reviews - supervision

av Louis delouv för 10 årar sedan

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IM Supervisory review - Mind Map

The document outlines a comprehensive framework for supervisory review processes, emphasizing the importance of consistency, documentation standards, and communication channels. It discusses the need for initial contact with firms by the National Supervisory Authorities (

IM Supervisory review - Mind Map

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