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Formulating and Implementing Global Standards . Box 18 – Meetings of Minds
Box 19 – Singapore to Host IMF and
WB Meetings in 2006
Box 18
The 10th Annual IAIS Conference took place in Singapore in October 2003. Held for the first time in Asia, the meeting saw a record turnout of 364

Organised around the theme “Building Competencies in the Insurance Sector”, regulators and industry practitioners addressed topics such as solvency, reinsurance, asset/liability valuation and the reliance relationship between regulators and the industry. Several key initiatives, including the adoption of the new set of 28 Insurance Core Principles, were approved. The Principles serve as universal benchmarks for regulators.

On the capital markets front, MAS will organise the second Capital Markets Seminar, with the theme “Restoring Confidence in Turbulent Times”, in August 2004.

The seminar will provide a forum for securities regulators from the region to share their experiences on issues of common interest, as they seek to develop and maintain market confidence in a rapidly changing and challenging environment. The seminar will also include a focus on some of the leadership challenges in this new environment by securities regulators.
Enhancing Risk-focused Supervisory Approach
Box 1 – Fostering a Sound and Progressive Financial Services Sector
Enhancing MAS’ Supervisory Capabilities
Box 2 – Stress Testing of Life Insurers
Box 3 – Streamlining Inspection Function
Thematic Inspections to Improve Surveillance