EIOPA published the first annual report that provides an overview of the insurance sector in Europe, as an extension of its statistical services. The report is based on annually reported Solvency II information. This ensures that the data has a high coverage from all countries and has been reported consistently across the European Economic Area.
The report, which is objective, factual and data driven, does not contain analysis or policy messages. All indicators used in the report have been calculated from the reported data from undertakings. While the coverage of topics and indicators is intended to be relatively stable over time, the report will be adapted to respond to changes in the micro-prudential and supervisory priorities. The report will, therefore, support the supervisory community and industry with highly relevant and easily accessible data at the European level. All the data depicted via charts is available for download separately.
Keywords: Europe, EU, Insurance, Solvency II, European Insurance Overview, Statistics, EIOPA
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.
PRA provided further information on the application of regulatory capital and IFRS 9 requirements to payment holidays granted or extended to address the challenges arising from COVID-19 outbreak.
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.
ECB launched consultation on a guide specifying how the Banking Supervision expects banks to consider climate-related and environmental risks in their governance and risk management frameworks and when formulating and implementing their business strategy.
ECB published an opinion (CON/2020/16) on amendments to the prudential framework in EU in response to the COVID-19 pandemic.
EBA published a report that examines the interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD).
SRB published the final Minimum Requirements for Own Funds and Eligible Liabilities (MREL) policy under the Banking Package.
US Agencies (FDIC, FED, and OCC) published a final rule that makes technical changes to the March 31, 2020 interim final rule that provides a five-year transition period for the impact of the current expected credit loss (CECL) methodology on regulatory capital.
ECB published results of the March 2020 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets.