EIOPA published the fourth and last parallel technical information on the relevant risk-free interest rate, or RFR, term structures, with reference to the end of December 2019, based on Refinitiv data. This parallel publication reflects the content of the technical documentation published on October 01, 2019 and is based on risk-free interest rate coding released on October 08, 2019; it will allow stakeholders to compare their own calculations with those of EIOPA before the official publications for the end of January 2020.
EIOPA also published monthly technical information on the risk-free interest rate term structures with reference to the end of December 2019. EIOPA is informing that a bug, which was spotted in the derivation of the weights of the country corporate part of the representative portfolios, has been fixed. Technical information related to the risk-free interest rate term structures is used to calculate technical provisions for (re)insurance obligations. In line with the Solvency II Directive, EIOPA publishes technical information relating to the risk-free interest rate term structures on a monthly basis. This is intended to ensure consistent calculation of technical provisions across Europe, and, thus, higher supervisory convergence for the benefit of the European insurance policyholders.
Keywords: Europe, EU, Insurance, Reinsurance, Solvency II, Risk-free Interest Rate, Reporting, Refinitiv Data, RFR Calculation, RFR Coding, EIOPA
Previous ArticleCBB Publishes Consultations and Revised Rules in December 2019
Next ArticleESMA Publishes Its Strategic Orientation for 2020-22
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.
BIS announced that it will establish new Innovation Hub centers across Europe and in North America in cooperation with member central banks.
FED updated the reporting form for FR 2052a, which is used to monitor the overall liquidity profile of certain supervised institutions.
PRA published a statement that sets out its views on certain amendments made to Capital Requirements Regulations (CRR and CRR2) via EU Regulation 2020/873 (CRR "Quick Fix"), including some guidance for firms.
The Climate Financial Risk Forum (CFRF), which is a joint climate risk forum of FCA and PRA, published a guide written by the industry for the industry to help firms approach and address climate-related financial risks.
IAIS published an application paper on liquidity risk management for insurers.
EBA published its response to the EC consultation on a new Digital Finance Strategy for Europe.
EIOPA responded to the EC consultation on a new digital finance strategy for Europe.
ESMA published its response to the EC consultation on the new digital finance strategy for EU.
FSB published, for consultation, a report on evaluation of the too-big-to-fail (TBTF) reforms for systemically important banks.