FSAP noted that the standard of financial sector regulation
Microprudential supervision
Background,The FSAP noted that the standard of financial sector regulation and supervision of banks and
insurance companies was generally high, but that certain weaknesses identified as a result of
the financial crisis should be addressed. This section reviews progress made by the German
authorities to implement the FSAP recommendations in the area of microprudential
supervision, and is divided in two parts covering the banking and insurance sectors
respectively. The review bases its analysis on existing international guidance 21 and on EU
legislative developments, such as the upcoming implementation of Solvency II, the
CRR/CRD IV and the SSM.
EU Forecast
euf:ba.18.j:67/nws-01