Featured Product

    EIOPA Publishes XBRL Taxonomy for Reporting of Information on IORPs

    November 05, 2018

    EIOPA published the XBRL Taxonomy applicable for reporting of information on Institutions for Occupational Retirement Provision (IORPs) as of the third quarter of 2019. This taxonomy provides national competent authorities with the technical means for submission, to EIOPA, of harmonized information of all pension funds in the European Economic Area. Additionally, EIOPA published a hotfix update for version 2.3.0 of the Solvency II taxonomy. This update corrected the taxonomy validations to optimize the data quality with minor impact on IT systems—providing XBRL instance compatibility with version 2.3.0.

    EIOPA, in close collaboration with ECB, developed the integrated technical templates and means to report—via a single submission—the information required by both EIOPA and ECB. Subject to adoption by the national competent authorities, this integrated taxonomy may also be used for the collection of information from the pension funds by national competent authorities. Such an adoption would reap efficiency gains and further clarity of the reported information.

    The Pensions XBRL Taxonomy can be reconciled with Solvency II reporting requirements and is closely aligned with the ECB pensions reporting requirements. The taxonomy uses the same architecture as Solvency II and offers—via one common dictionary—all insurance, pension funds, and ECB "add-ons" concepts. The taxonomy dictionary, based on the Data Point Model (DPM), provides a single definition of the terms and the relations among them.

     

    Related Links

    Keywords: Europe, EU, Insurance, Solvency II, Pension Funds, Annotated Templates, DPM, XBRL, Taxonomy, IORPs, EIOPA

    Featured Experts
    Related Articles
    News

    EC Adopts Financial Reporting Changes Arising from Benchmark Reforms

    EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.

    January 14, 2021 WebPage Regulatory News
    News

    BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk

    BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.

    January 14, 2021 WebPage Regulatory News
    News

    HMT Updates List of Post-Brexit Equivalence Decisions in UK

    HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Technical Package on Reporting Framework 3.0

    EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.

    January 14, 2021 WebPage Regulatory News
    News

    APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets

    APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for Third Quarter of 2020

    EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro

    ECB concluded the public consultation on the introduction of a digital euro in EU.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Finalizes Guide on Supervisory Approach to Bank Consolidation

    ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.

    January 12, 2021 WebPage Regulatory News
    News

    SRB Chair Outlines Work Priorities for 2021

    The SRB Chair Elke König published an article setting out work priorities for 2021.

    January 11, 2021 WebPage Regulatory News
    News

    FDIC Selects Companies to Compete in Final Phase of Tech Sprint

    FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.

    January 11, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6417