EIOPA, in the month of July, 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 month, the Q&As have been published with respect to the following:
Commission Implementing Regulations (EU) No 2015-2450 laying down implementing technical standards on templates for the submission of information to the supervisory authorities
Commission Implementing Regulations (EU) No 2015-2452 laying down implementing technical standards on the procedures, formats, and templates of the solvency and financial condition report
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, EIOPA, Implementing Technical Standards, Commission Implementing Regulation, Commission Delegated Regulation
Previous ArticleHKMA Publishes Consultation Paper on Open API Framework for Banks
Next ArticleFSB Issues List of G-SIBs for 2017
PRA published the policy statement PS14/20, which contains the supervisory statement SS1/20 and the feedback to responses to the consultation paper CP22/19 on expectations for investment by firms in accordance with the Prudent Person Principle, or PPP, as set out in the Investments Part of the PRA Rulebook.
EBA published an opinion following the notification by the French macro-prudential authority, the Haut Conseil de Stabilité Financière (HCSF), of its intention to extend a measure introduced in 2018 on the use of Article 458(9) of the Capital Requirements Regulation (CRR).
As part of a Research Bulletin on the recent policy-relevant work, ECB published an article that examines the lessons learned from past crises for nonperforming loan resolution in the post COVID-19 period.
RBNZ published the financial stability report for May 2020. This review of the financial system in the country highlights that the economic disruption associated with COVID-19 will present challenges to the financial system.
ECB updated the guidance notes for reporting related to the statistics on holdings of securities by reporting banking groups (SHSG).
ECB published results of the financial stability review in May 2020. Among other issues, the financial stability review assesses operations of the financial system so far during the COVID-19 pandemic.
Financial policymakers and international standard-setters met virtually with private-sector executives to discuss international policy responses to COVID-19 pandemic.
ESMA published a letter responding to IASB on the exposure draft on the phase 2 of the interest rate benchmark reform.
HKMA is consulting on revisions to 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 published thematic note presenting a preliminary assessment of the impact of COVID-19 outbreak on the banking sector in EU.