IM Supervisory review - Mind Map

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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