PRA published supervisory disclosures in line with its obligations under Article 31(2) of the Solvency II Directive. The public disclosure is designed to foster a uniform level of transparency and accountability between supervisory authorities.
The material published will be of primary interest to PRA-authorized insurance companies. PRA will publish Templates A and B in the fourth quarter of 2018.The published disclosures include the following:
- Aggregate statistical data on key aspects of the application of the prudential framework
- A table covering the manner of exercise of the options provided for in the Solvency II Directive
- Links to the texts of insurance regulations applicable in the UK
- Links to the PRA supervisory approach
Keywords: Europe, UK, Insurance, Solvency II, Supervisory Disclosures, Supervisory Approach, Insurance Regulations, PRA
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ECB finalized the guide on assessment methodology for the internal model method for calculating exposure to counterparty credit risk (CCR) and the advanced method for own funds requirements for credit valuation adjustment (A-CVA) risk.
EBA published an Opinion addressed to EC to raise awareness about the opportunity to clarify certain issues related to the definition of credit institution in the upcoming review of the Capital Requirements Directive and Regulation (CRD and CRR).
APRA is consulting on updates to ARS 210.0, the reporting standard that sets out requirements for provision of information on liquidity and funding of an authorized deposit-taking institution.
FED released hypothetical scenarios for a second round of stress tests for banks.
PRA published updates in relation to the 2021 Supervisory Benchmarking Portfolio exercise.
FED adopted a proposal to extend for three years, with revision, the capital assessments and stress testing reports (FR Y-14A/Q/M; OMB No. 7100-0341).
HKMA revised the Supervisory Policy Manual module CR-G-14 on margin and other risk mitigation standards for non-centrally cleared over-the-counter (OTC) derivatives transactions.
EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.