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Join ASSAL’s workshop on macroprudential surveillance and approaches to ensure systemic stability in financial institutions. Learn from case studies and discussions on the benefits of regulating macro-prudential frameworks. Presented in April 2012.
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ASSAL Meeting Workshop Presentation on Macroprudential Supervision Yoshihiro Kawai Secretary General International Association of Insurance Supervisors 24 April 2012
Agenda • Approach to macroprudential surveillance • ICP 24 • Case studies ASSAL 24 April 2012
Why we (should) regulate Macro-prudential approach • Systemic stability • (Consumers benefit from sound and stable financial institutions) The whole is bigger than the sum of its parts • Consumer protection • (Financial stability as an after-thought to solvency regulation) Micro-prudential approach ASSAL 24 April 2012
Macro- and microprudential approaches Source: Claudio Borio, “Towards a macroprudential framework for financial stability” (BIS WP 128, 2003 ) ASSAL 24 April 2012
Agenda Approach to macroprudential surveillance ICP 24 Case studies ASSAL 24 April 2012
The salient principle of ICP 24 • The principle of Macroprudential Surveillance and Insurance Supervision • The supervisor identifies, monitors and analyses market and financial developments and other environmental factors that may impact insurers and insurance markets and uses this information in the supervision of individual insurers. ASSAL 24 April 2012
Agenda Approach to macroprudential surveillance ICP 24 Case studies ASSAL 24 April 2012
Instructions Please divide up in to five separate groups Discuss the cases and address the questions given on the next slide Each group will have up to four minutes to present their answers to the plenary OCE April 2012 ASSAL 24 April 2012 8
Questions ASSAL 24 April 2012
Case 1 for discussion OCE April 2012 ASSAL 24 April 2012 10
Case 2 for discussion OCE April 2012 ASSAL 24 April 2012 11
Case 3 for discussion OCE April 2012 ASSAL 24 April 2012 12
Case 4 for discussion OCE April 2012 ASSAL 24 April 2012 13
Case 5 for discussion OCE April 2012 ASSAL 24 April 2012 14