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X-WR-CALNAME:EuroCham
X-ORIGINAL-URL:https://eurocham.pixelperfect.hu
X-WR-CALDESC:Events for EuroCham
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TZID:Asia/Singapore
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DTSTART:20150101T000000
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20160930
DTEND;VALUE=DATE:20161001
DTSTAMP:20260815T045431
CREATED:20190117T122650Z
LAST-MODIFIED:20190117T122650Z
UID:10000316-1475193600-1475279999@eurocham.pixelperfect.hu
SUMMARY:Financial Services Committee Meeting
DESCRIPTION:On the 30th of September 2016\, the Financial Services Committee has the privilege of hosting a special closed door session on the The Risk-Based Capital (RBC2) with MAS. \nGuest presenter: Ms Wai Yi Lee\, Director & Head of Supervisory Analytics Division\, Insurance Department\, Monetary Authority of Singapore. Ms Lee will present insights over the preparation of QIS 2 and RBC2.\n \n \nMs. Wai Yi has been with the MAS for over ten years. She started heading a newly formed division\, Supervisory Analytics Division\, within the Insurance Department in MAS in the beginning of 2011. Her role involves enhancing the Risk-Based Capital framework for insurers in Singapore (“RBC 2 Review”)\, conducting stress-testing on insurers\, monitoring the macroeconomic inter-linkages between insurance and other financial sectors and providing other forms of actuarial and analytics support to the insurance supervisors within MAS. Prior to this\, Wai Yi was responsible for leading a team of officers in supervising a portfolio of direct life and composite insurers in Singapore. She was\, and continues to be in some cases\, actively involved in a number of projects such as enhancing the policy owners’ protection scheme and insurance resolution framework in Singapore\, key executive persons’ approval regime as well as the governance and disclosure framework for participating life insurance policies. Wai Yi had also undertaken actuarial roles such as product development\, pricing\, valuation and financial reporting\, with a composite insurer and a regional office of a global reinsurer prior to joining MAS as a regulator. \nDuring this session members will have the opportunity to gain insights but also engage in a discussion on the topic. \nBackground: MAS has recently launched the second round of consultation seeking feedback on the RBC2 draft. This consultation paper sets out the revised proposals\, taking into account the feedback received from the second consultation paper on MAS’ review of the RBC framework (“RBC 2”) in 2014\, as well as the subsequent engagements MAS had with the industry. It contains detailed technical specifications for insurers to conduct the second full scope Quantitative Impact Study (“QIS 2”). Participating in QIS 2 will help insurers fully understand the impact of the revised RBC 2 proposals and provide feedback on implementation issues. MAS invites comments from the insurance industry and other interested parties. \nThis meeting is forEuroCham Members only. \n  \nShould you be interested in attending\, please contact the Policy & Corporate Affairs Manager\, Mr Yiannis Korkovelos at yiannis.korkovelos@eurocham.org.sg
URL:https://eurocham.pixelperfect.hu/event/financial-services-committee-meeting-6/
CATEGORIES:Committee Meeting,Financial Services
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