regulation and supervisory instruments

The primary objective of all regulators is to ensure the effective supervision and regulation of financial institutions in order to create and sustain a sound, competitive and diverse financial system. In support of this objective, Quindiem's regulatory practice adapts international best practice in risk based supervision from developed and developing markets and the International Association of Insurance Supervisors, to create relevant supervisory frameworks for implementation in developing and transitional settings.

The development of regulatory and supervisory instruments for NBFI regulators can assist regulators to improve both market growth and stability by significantly enhancing the core supervisory capacities of regulators; encouraging regional harmonisation; aligning existing regulatory regimes with international best practice and improving overall market conduct and consumer protection. We currently work with African and Eastern European regulators to:

• review existing processes and tools
• design risk-based frameworks and supervisory philosophies appropriate to the circumstances of the industry and the internal capabilities of the regulator
• develop prudential standards covering solvency requirements and prescribed valuation methods for assets and liabilities
• design supervisory instruments such as statutory returns or financial condition reports and disclosures on reinsurance
• develop supervision manuals for offsite analysis, onsite inspection and corrective interventions
• determine and explain the process for planning and implementation of supervisory frameworks and processes