Nos derniers articles

"This article provides an insightful overview of the challenges encountered by the #insuranceindustry when applying the requirements of #ifrs17 to #reinsurance contracts... By delving into specific challenges and offering potential solutions, the article aims to shed light on the intricacies of implementing IFRS 17 and the resulting mismatches in #financialreporting, including their impact on #solvencyii practices."

This is a note on the #gdpr and the use of #us-based #cloudservers. The note raises concerns about the #risk of US #intelligenceagencies having access to #data transferred to any US cloud from the #eu, or directly accessed by US agencies, even while still in the EU / #eea or while in transit. The note discusses cases in #france, the #netherlands, and #germany that have addressed these issues, concluding that the legality of the use of US cloud servers and solutions remains problematic.

The #eu Digital Services Act (#dsa) establishes a #riskassessment and #riskmitigation regime to address issues like harmful content and structural discrimination, and codes of conduct are meant to guide interpretation of these obligations.

This report presents the findings and recommendations of the Open Loop's policy prototyping program on the #eu#artificialintelligence Act (#aia ), which involved 53 AI companies participating in an online platform to provide feedback on selected articles of the AIA. While the majority of the participants found the provisions to be clear and feasible, there were areas for improvement to ensure the effectiveness of the AIA. The report provides the legislator with nine recommendations, including revising the taxonomy of AI actors, providing guidance on #riskassessment, concrete guidance for technical documentation and #dataquality requirements, ensuring qualified staff for human oversight of AI, and maximizing the potential of #regulatorysandboxes.

"... nothing meaningful for regulation can be determined solely by looking at the data itself. Data is what data does. Personal data is harmful when its use causes harm or creates a risk of harm. It is not harmful if it is not used in a way to cause harm or risk of harm."

"The article addresses challenges for adequate risk regulation that arise primarily from the specific type of risks involved, i.e. risks to the protection of fundamental rights and fundamental societal values. They result mainly from the normative ambiguity of the fundamental rights and societal values in interpreting, specifying or operationalising them for risk assessments."

"The proposed climate disclosure rule is unnecessary, unjustified, and an expensive exercise in environmental bureaucracy with little to no practical benefit for U.S. investors. The billions of dollars in additional compliance costs would fall on the shareholders, employees, and customers of U.S. public companies, while the benefits would flow to a handful of large asset management, consulting, and accounting firms."

"Using variation across insurers within the same country, and across countries for the same insurance group, we show that market risk insurance via guaranteed return products is more prevalent in countries with more lax capital requirements. Moreover, we show that the interest rate exposure of insurance companies increased as interest rates declined in recent years, and this effect is more pronounced for companies with a larger share of guaranteed return products. "

"This paper... reviews the different channels of transmission of prudential policy highlighted in the literature and... provides a quantitative assessment of the impact of Basel III reforms using "off-the-shelf" DSGE models. It shows that the effects of regulation are positive on GDP whenever the costs and benefits of regulation are both introduced."

"Financial regulation will be sustainable for long horizons and uncertain risks if it removes the principle of continuity from its probabilistic background."