Euro Area Policies: Financial Sector Assessment Program-Technical Note-Insurance, Investment Firm, and Macroprudential Oversight
Electronic Access:
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Summary:
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.
Series:
Country Report No. 2018/230
Subject:
Banking Financial institutions Financial instruments Financial sector policy and analysis Insurance Insurance companies Macroprudential policy Solvency
English
Publication Date:
July 19, 2018
ISBN/ISSN:
9781484369531/1934-7685
Stock No:
1EUREA2018007
Pages:
81
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