FSC/FSS to Host IAIS Triannual Meetings and Global Seminar in Seoul
The Financial Services Commission and the Financial Supervisory Service will host the International Association of Insurance Supervisors (IAIS) Triannual Meetings and Global Seminar from June 16 to 20 at the Lotte Hotel in Seoul, Korea.
Approximately 200 participants from home and abroad, including representatives from National Association of Insurance Commissioners of U.S., Financial Services Authority of U.K., Financial Services Agency of Japan, and International Monetary Fund, are expected to attend the Seoul meetings.
The IAIS Triannual Meetings give insurance supervisors and market participants an opportunity to exchange views on issues of key concern in the insurance industry and global supervisory/regulatory standards. Four committee meetings—Executive Committee, Technical Committee, Budget Committee, and Implementation Committee—as well as seven subcommittee meetings—including Regional Coordination Subcommittee and Governance and Compliance Subcommittee—are planned throughout the week.
The first Global Seminar will also take place from June 18 to 20, with the aim of facilitating understanding and implementation of insurance supervisory standards. Presentations on six topics—IASB Phase II Project on Insurance Accounting and IAIS’s Views on it, Three Solvency Guidance Papers Developed in 2007, Group Supervision, Reinsurance Mutual Recognition, Multilateral Memorandum of Understanding, and Asset Liability Management—will be given by distinguished speakers.
Chairman Jun Kwang-Woo of the Financial Services Commission will deliver the welcoming remarks at the dinner held on June 17 and Governor Kim Jong Chang of the Financial Supervisory Service will give the opening address for the Global Seminar on June 18.
* Please refer to the attached PDF below.
The Financial Services Commission and the Financial Supervisory Service will host the International Association of Insurance Supervisors (IAIS) Triannual Meetings and Global Seminar from June 16 to 20 at the Lotte Hotel in Seoul, Korea.
Approximately 200 participants from home and abroad, including representatives from National Association of Insurance Commissioners of U.S., Financial Services Authority of U.K., Financial Services Agency of Japan, and International Monetary Fund, are expected to attend the Seoul meetings.
The IAIS Triannual Meetings give insurance supervisors and market participants an opportunity to exchange views on issues of key concern in the insurance industry and global supervisory/regulatory standards. Four committee meetings—Executive Committee, Technical Committee, Budget Committee, and Implementation Committee—as well as seven subcommittee meetings—including Regional Coordination Subcommittee and Governance and Compliance Subcommittee—are planned throughout the week.
The first Global Seminar will also take place from June 18 to 20, with the aim of facilitating understanding and implementation of insurance supervisory standards. Presentations on six topics—IASB Phase II Project on Insurance Accounting and IAIS’s Views on it, Three Solvency Guidance Papers Developed in 2007, Group Supervision, Reinsurance Mutual Recognition, Multilateral Memorandum of Understanding, and Asset Liability Management—will be given by distinguished speakers.
Chairman Jun Kwang-Woo of the Financial Services Commission will deliver the welcoming remarks at the dinner held on June 17 and Governor Kim Jong Chang of the Financial Supervisory Service will give the opening address for the Global Seminar on June 18.
* Please refer to the attached PDF below.