Euro Area Policies: Financial Sector Assessment Program-Technical Note-Insurance, Investment Firm, and Macroprudential Oversight

International Monetary Fund

No 2018/230, IMF Staff Country Reports from International Monetary Fund

Abstract: While national authorities are still largely responsible for supervising the nonbank sector and applying the macroprudential framework, European Union (EU)-level organizations’ supervisory role is growing. Further convergence and strengthening of supervision of insurers and investment firms is consistent with the goals of an EU single market and financial stability. The macroprudential framework functions well but could be simplified and expanded to cover aspects of the nonbank sector.

Keywords: ISCR; CR; interest rate; single market; coverage ratio; credit institution; financial activity; market structure; parent company; group assets; Insurance companies; Insurance; Solvency; Macroprudential policy; Global (search for similar items in EconPapers)
Pages: 81
Date: 2018-07-19
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