EIOPA Updates Q&A on Regulations in May 2019
EIOPA published additional questions and answers (Q&A) on guidelines, directives, and regulations applicable to insurers in Europe. This update covers answers related to the Solvency II Directive (EU Regulation No. 2009-138), the templates for submission of information to supervisory authorities (EU Regulation No. 2015-2450), and the EU Regulation No. 2015-35 supplementing Directive 2009-138.
The EIOPA Q&A tool is intended to ensure consistent and effective application of insurance regulations in the European economic area. The Q&A tool can be used by all parties, including financial institutions, supervisors, and other stakeholders, for submitting questions on regulatory tools that have been published by EIOPA. Financial institutions, supervisors, and other stakeholders can use the Q&A process for submitting questions on EU law and EIOPA guidelines within the area of insurance and pensions. The Q&As have no binding force in law, nor are they subject to "comply or explain." However, their application will be rigorously scrutinized and challenged by EIOPA and national supervisory authorities, given their practical significance to achieve a level playing field.
Related Links
- News Release on Answers to (EU) No 2009-138
- News Release on Answers to (EU) No 2015-2450
- News Release on Answers to (EU) 2015-35
Keywords: Europe, EU, Insurance, Solvency II, Q&A, Delegated and Implementing Regulations, Reporting, EIOPA
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Related Articles
ECB Finalizes Methodology to Assess CCR and A-CVA Risk of Banks
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 Provides Opinion on Definition of Credit Institution in CRR
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 Consults on Alignment of Daily Liquidity Report for Banks
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 Releases Scenarios for Second Round of Stress Tests on Banks
FED released hypothetical scenarios for a second round of stress tests for banks.
PRA Announces Update on Supervisory Benchmarking Portfolio Exercise
PRA published updates in relation to the 2021 Supervisory Benchmarking Portfolio exercise.
FED Revises and Extends Capital Assessment and Stress Testing Reports
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 Updates Policy Module for Non-Centrally Cleared OTC Derivatives
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 Updates List of Validation Rules for Reporting by Banks
EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework
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 Advocates Environmental Risk Analysis for Financial Sector
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.
