![Page 1: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/1.jpg)
Corporate Governance, Risk Management and Internal Control
Carlos Montalvo Rebuelta
AssalGuayaquil, 14-IV-2012
![Page 2: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/2.jpg)
Solvencia II
![Page 3: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/3.jpg)
33
![Page 4: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/4.jpg)
413 September 2011
Group requirements
Focus on firm’s responsibility
Convergence of supervisory practices
Convergence of supervisory reporting
More pressure from rating agencies, capital
markets
Total balance sheet approach
Market-consistent valuation
Approval of internal models
Quantitative requirements
Technical provisions (BE and risk margin)
2 capital requirements (MCR and SCR –SF/IM)
Prudent person investment rule
Own funds (3 tiers)
Qualitative requirements
Internal control
risk management (incl. ORSA)
Supervisory review process (qualit. & quant - add-ons)
Reporting
Supervisory reporting Public disclosure Market discipline
Pillar 1 Pillar 2 Pillar 3
Solvencia II
![Page 5: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/5.jpg)
Qué es el Gobierno Corporativo?
![Page 6: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/6.jpg)
613 September 2011
![Page 7: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/7.jpg)
Qué no es el Gobierno Corporativo?
![Page 8: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/8.jpg)
813 September 2011
![Page 9: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/9.jpg)
Qué es la Gestión de Riesgos?
![Page 10: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/10.jpg)
1013 September 2011
![Page 11: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/11.jpg)
Qué no es la Gestión de Riesgos?
![Page 12: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/12.jpg)
1213 September 2011
![Page 13: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/13.jpg)
Qué es el ORSA?
![Page 14: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/14.jpg)
1413 September 2011
![Page 15: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/15.jpg)
Qué no es el ORSA?
![Page 16: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/16.jpg)
167 December 2011
![Page 17: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/17.jpg)
Qué hace el supervisor?
![Page 18: Corporate Governance, Risk Management and Internal Control Carlos Montalvo Rebuelta Assal Guayaquil, 14-IV-2012](https://reader036.vdocument.in/reader036/viewer/2022062500/5665b47a1a28abb57c91cca6/html5/thumbnails/18.jpg)
1818
?