EIOPA announced that it has discontinued producing and publishing the extraordinary processes for risk-free interest rate term structures (RFR) and symmetric adjustment to equity risk (EDA), as of September 2020. However, the production of monthly RFR and EDA will continue as usual. Due to the COVID-19 outbreak, in April 2020, EIOPA had started to carry out these extraordinary calculations on a weekly basis to monitor the evolution of RFR and EDA, to support insurance and reinsurance undertakings in the monitoring of their solvency and financial position under Solvency II.
Keywords: Europe, EU, Insurance, Solvency II, RFR Term Structures, EDA, COVID-19, Risk-Free Rates, Symmetric Adjustment to Equity Risk, EIOPA
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Previous ArticleCSSF Updates Reporting Requirements, Sets CCyB Rate at 0.50%
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.
EBA published the annual report on asset encumbrance of banks in EU.
FED updated the reporting form and instructions for the FR Y-9C report on consolidated financial statements for holding companies.
EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.
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.
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.
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.
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
ECB published a letter from Andrea Enria, the Chair of the Supervisory Board of ECB, answering questions raised by the President of the Bundestag (the German federal parliament) on how ECB assesses the financial stability of the euro area in the context of the significant level of nonperforming loans.