Central Bank of Ireland Publishes Updates for Solvency II Reporting
The Central Bank of Ireland updated release notes, XBRL taxonomy package, validations, and list of known issues for the national specific templates (NSTs) for Solvency II reporting. The current version of release notes is planned to be used for collection of NST quarterly submissions from the fourth quarter of 2018 onward.
The Central Bank of Ireland has introduced a number of NSTs for reporting. These templates are deemed necessary to address requirements specific to the local market and/or the nature of insurance undertakings supervised in Ireland and are not catered for in the set of Solvency II harmonized reporting templates produced by EIOPA. The only acceptable format for submission of NSTs will be XBRL. A decision was taken to extend the EIOPA Solvency II XBRL Taxonomy as the standard for reporting data submission between the Central Bank of Ireland and regulated insurance undertakings for Solvency II NSTs.
To this end, the NST Data Point Model (DPM) is a structured representation of the data, identifying all the business concepts and its relations, in addition to the validation rules. The DPM contains all the relevant technical specifications necessary for developing an IT reporting solution (independent from the technical format). In addition, the Central Bank NST XBRL taxonomy presents data items, business concepts, relations, and validation rules described by the Central Bank NST DPM in the technical format of XBRL.
Related Links
- Release Notes (DOC)
- Taxonomy Package (ZIP)
- Validations (XLSX)
- List of Known Issues (XLSX)
- NSTs for Solvency II Reporting
Keywords: Europe, Ireland, Insurance, Reporting, Solvency II, Taxonomy, Validations, National Specific Templates, Central Bank of Ireland
Previous Article
EBA Consults on Amendment to Rule on Benchmarking of Internal ModelsRelated Articles
|
News
FDIC Consults on Approach to Resolution Planning for IDIsFDIC approved an Advance Notice of Proposed Rulemaking (ANPR) and is seeking comment on ways to tailor and improve its rule requiring certain insured depository institutions (IDIs) to submit resolution plans.
April 22, 2019
WebPage
Regulatory News
|
|
News
EP Resolution on Proposal for Sovereign Bond Backed SecuritiesThe European Parliament (EP) published adopted text on the proposal for a regulation of the European Parliament and of the Council on sovereign bond-backed securities (SBBS).
April 16, 2019
WebPage
Regulatory News
|
|
News
HKMA Decides to Maintain Countercyclical Capital Buffer at 2.5%HKMA announced that, in accordance with the Banking (Capital) Rules, the countercyclical capital buffer (CCyB) ratio for Hong Kong remains at 2.5%.
April 16, 2019
WebPage
Regulatory News
|
|
News
EP Approves Agreement on Package of CRD 5, CRR 2, BRRD 2, and SRMR 2The European Parliament (EP) approved the final agreement on a package of reforms proposed by EC to strengthen the resilience and resolvability of European banks.
April 16, 2019
WebPage
Regulatory News
|
|
News
PRA Finalizes Policy on Approach to Managing Climate Change RisksPRA published the policy statement PS11/19, which contains final supervisory statement (SS3/19) on enhancing banks’ and insurers’ approaches to managing the financial risks from climate change (Appendix).
April 15, 2019
WebPage
Regulatory News
|
|
News
PRA Seeks Input and Issues Specifications for Insurance Stress TestsPRA announced that it will conduct an insurance stress test for the largest regulated life and general insurers from July to September 2019.
April 15, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: First Update for April 2019EBA published answers to nine questions under the Single Rulebook question and answer (Q&A) updates for this week.
April 12, 2019
WebPage
Regulatory News
|
|
News
FED Updates Form and Supplemental Instructions for FR Y-9C ReportingFED updated the form and supplemental instructions for FR Y-9C reporting. FR Y-9C is used to collect data from domestic bank holding companies, savings and loan holding companies, U.S intermediate holding companies, and securities holding companies with total consolidated assets of USD 3 billion or more.
April 11, 2019
WebPage
Regulatory News
|
|
News
EIOPA Statement on Application of Proportionality in SCR SupervisionEIOPA published a supervisory statement on the application of proportionality principle in the supervision of the Solvency Capital Requirement (SCR) calculated in accordance with the standard formula.
April 11, 2019
WebPage
Regulatory News
|
|
News
ISDA Publishes Statement on FRTB Implementation in Emerging MarketsISDA published a statement that outlines challenges in implementation of the new Basel III market risk standard for banks in emerging markets.
April 11, 2019
WebPage
Regulatory News
|
