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Europe > Ireland

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Nonbank financial institutions; Law and legislation x
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Cover IMF Staff Country Reports
Denmark: Financial Sector Assessment Program-Technical Note-Insurance Regulation and Supervision
International Monetary Fund. Monetary and Capital Markets Department
Denmark’s insurance sector is highly developed with a particularly high penetration and density in the life sector. Traditionally, work-related life insurance and pension savings are offered as a combined package, and life insurance companies dominate the market for mandatory pension schemes for employees. The high penetration explains the overall size of the insurance sector, which exceeds those of peers from other Nordic countries and various other EU member states. Assets managed by the insurance industry amounted to 146 percent of the GDP at end-2018, compared to 72 percent for the EU average.
Keywords:
ISCR; CR; risk assessment; business intelligence tool; insurance undertaking; DFSA plan; DFSA data; DFSA staff; DFSA supervision; insurance sector; insurance supervisor; covered bond; Insurance companies; Insurance; Solvency; Pension spending; Insurance supervision; Global
Cover IMF Staff Country Reports
Ireland: Financial Sector Assessment Program: Technical Note-Update on the Assessment of Implementation of the IOSCO Objectives and Principles of Securities Regulation
International Monetary Fund. Monetary and Capital Markets Department
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for implementation of the International Organization of Securities Commissions Objectives and Principles of Securities Regulation in Ireland. Since 2013, the regulation of securities and associated institutions and markets has witnessed considerable innovation in Ireland. As in other supervisory areas, the central bank has dedicated more staff to the supervision of securities and taken a more proactive approach. The central bank has also developed innovative ongoing systemic analysis. Certain issues raised in the 2013 assessment have not been addressed, in large part because any action would require amendments to primary legislation or EU structures or other changes.
Keywords:
ISCR; CR; insider dealing; investment funds; investment business firms; management company; risk management; enterprise securities market; securities market firm; client assets; legal costs; companies act; company legislation; balance sheet assets; Mutual funds; Securities; Private investment; Global
Cover IMF Staff Country Reports
Ireland: Financial Sector Assessment Program: Technical Note-Asset Management and Financial Stability
International Monetary Fund. Monetary and Capital Markets Department
This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Ireland in the areas of asset management and financial stability. Most of the potential avenues for domestic financial instability from Irish-domiciled money market funds and investment funds appear to be contained. The potential for destabilizing spillovers from Irish-domiciled money market and investment funds to the domestic economy appears limited. The Central Bank of Ireland has made important progress in addressing long-standing data gaps as they pertain to the asset management industry. A number of initiatives could be helpful in further strengthening industry oversight.
Keywords:
ISCR; CR; Ireland; asset; central bank of Ireland; CNAV MMFs; hedge fund; government MMFs; liquidity risk; collective investment vehicles; imprudent asset-liability management; domiciled MMFs; data strategy; CIV assets; Asset management; Mutual funds; Hedge funds; Bonds; Securities; Global
Cover IMF Staff Country Reports
Ireland: Report on Observance of Standards and codes (ROSC)
International Monetary Fund. Monetary and Capital Markets Department
This paper discusses findings and recommendations of the Report on Observance of Standards and codes for Ireland. The Central Bank of Ireland (CBI) is the integrated financial supervisor in Ireland. As the primary regulator of the Irish financial system, CBI has overall responsibility for the supervision of insurers and insurance intermediaries authorized in Ireland. The authorities need to address the significant challenges faced by CBI in attracting and retaining supervisors and to enhance the CBI’s independence. CBI is also advised to review the supervisory risk appetite underpinning Probability Risk Impact Supervisory System, including potential reputational risks.
Keywords:
ISCR; CR; CBI supervisor; CBI's policy; risk appetite; CBI guideline; risk management; life insurer; risk profile; group supervision; marketing insurance product; CBI planning; reinsurance strategy; Insurance companies; Insurance; Insurance supervision; Anti-money laundering and combating the financing of terrorism (AML/CFT); Global