EIOPA published new sets of questions and answers (Q&As) on commission implementing and delegating regulations. Most of the published answers are relevant to Solvency II.
This week, the Q&As have been published with respect to the following:
Commission Implementing Regulation (EU) No 2015-2450, which lays down implementing technical standards on the templates for submission of information to the supervisory authorities
Commission Delegated Regulation (EU) 2015/35 supplementing Directive 2009/138/EC
The Q&A tool of EIOPA can be used to submit questions on regulatory tools of EIOPA; these regulatory tools include guidelines, but also (regulatory) processes such as the publication of the risk-free rate. All stakeholders, including financial institutions and supervisors, can submit questions. The Q&A tool is intended to ensure consistent and effective application of regulations in the European economic area.
Keywords: Europe, Insurance, Q&A, Implementing Technical Standards, Commission Implementing Regulation, Commission Delegated Regulation, EIOPA
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PRA provided further information on the application of regulatory capital and IFRS 9 requirements to payment holidays granted or extended to address the challenges arising from COVID-19 outbreak.
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.
ECB launched consultation on a guide specifying how the Banking Supervision expects banks to consider climate-related and environmental risks in their governance and risk management frameworks and when formulating and implementing their business strategy.
ECB published an opinion (CON/2020/16) on amendments to the prudential framework in EU in response to the COVID-19 pandemic.
EBA published a report that examines the interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD).
SRB published the final Minimum Requirements for Own Funds and Eligible Liabilities (MREL) policy under the Banking Package.
US Agencies (FDIC, FED, and OCC) published a final rule that makes technical changes to the March 31, 2020 interim final rule that provides a five-year transition period for the impact of the current expected credit loss (CECL) methodology on regulatory capital.
ECB published results of the March 2020 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets.