EIOPA Launches Solvency II Single Rulebook for Insurance Sector
EIOPA launched Single Rulebook, an online tool intended to promote consistent implementation of the regulatory framework for insurance supervision across EU. EIOPA published a pilot Rulebook for Solvency II, comprising Directive 138/2009/EC, Delegated Regulation (EC) 2015/35, Delegated Regulation (EC) 2016/467, Delegated Regulation (EC) 2018/1221, and Implementing Technical Standards adopted by EC, in addition to the EIOPA Guidelines, Opinions, Supervisory Statements, and Questions and Answers (Q&A). EIOPA plans to expand the scope of the Single Rulebook by adding questions and answers submitted via the dedicated Q&A process of EIOPA.
The Single Rulebook will provide access to key regulatory and supervisory texts in the scope of the EIOPA activity. The main benefit of the Single Rulebook is that enables the navigation across different legal acts such as the Directive, Delegated and Implementing Regulations as well as EIOPA Guidelines, Recommendations, Opinions, and Supervisory Standards. This aim of this tool is to improve the understanding of the applicable rules and to promote the European internal market.
Related Links
Keywords: Europe, EU, Insurance, Solvency II, Single Rulebook, Q&A, EIOPA
Featured Experts
Adam Koursaris
Asset and liability management expert; capable modeler; risk and capital specialist
Jerome Ogrodzki
Insurance asset and liabilities modeling specialist; stochastic modeling expert
Brian Robinson
Actuary; risk management specialist; corporate and capital modelling expert
Previous Article
EBA Updates Single Rulebook Q&A in July 2020Related Articles
EC Consults on PSD2 and Open Finance; EU Reaches Agreement on DORA
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.
EC Mandates ESAs to Propose Amendments to SFDR Technical Standards
The European Commission (EC) has issued two letters mandating the European Supervisory Authorities (ESAs) to jointly propose amendments to the regulatory technical standards under Sustainable Finance Disclosure Regulation or SFDR.
EBA Examines Supervisory Practices, Issues Deposits Reporting Template
The European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021. Additionally, following a request from the European Commission (EC),
US Agency Publications Address Basel, Reporting, and CECL Developments
The Farm Credit Administration published, in the Federal Register, the final rule on implementation of the Current Expected Credit Losses (CECL) methodology for allowances
SEC Extends Comment Period on Climate Risk Disclosures
The U.S. Securities and Exchange Commission (SEC) looks set to intensify focus on crypto-assets and cyber risk and extended the comment period on the proposed rules to enhance and standardize climate-related disclosures for investors.
APRA Reduces Committed Liquidity Facility, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility and issued an update on the operational preparedness for zero and negative market interest rates.
CMF Consults on Basel Rules, Presents Roadmap to Address Climate Risks
The Commission for the Financial Market (CMF) in Chile published capital adequacy ratios (as of February 2022, January 2022, and December 2021) for 17 banks and for the banking system.
PRA Issues Statement on NPEs and Policy on Trading Activity Wind-Down
The Prudential Regulation Authority (PRA) issued a statement on the European Banking Authority (EBA) guidelines on management of non-performing exposures (NPEs) and forborne exposures.
EBA Updates Standards for 2023 Benchmarking of Internal Approaches
The European Banking Authority (EBA) updated the implementing technical standards that specify the data collection for the 2023 supervisory benchmarking exercise in relation to the internal approaches used in market risk, credit risk, and IFRS 9 accounting.
EIOPA Responds to Stakeholder Views on Blockchain in Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published a feedback statement on the responses received to the consultation on blockchain and smart contracts in insurance.
