EIOPA published new sets of questions and answers (Q&As) on implementing and delegating regulations, mostly relevant to Solvency II.
This week, the Q&As have been published with respect to the following:
(EU) No 2015-2450 on the templates for the submission of information to the supervisory authorities
(EU) No 2015-2452 on the procedures, formats, and templates of the solvency and financial condition report
Answers to questions on Commission Delegated Regulation (EU) 2015/35 supplementing Directive 2009/138/EC
The Q&A tool of EIOPA can be used to submit questions on regulatory tools of EIOPA; these regulatory tools include guidelines, but also (regulatory) processes such as the publication of the risk-free rate. All stakeholders, including financial institutions and supervisors, can submit questions. The Q&A tool is intended to ensure consistent and effective application of regulations in the European economic area.
Keywords: Europe, EU, Insurance, Q&A, Commission Delegated Regulation, EIOPA
EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).
EBA published a statement on resolution planning in light of the COVID-19 pandemic.
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
ECB published a guideline (2020/97), in the Official Journal of European Union, on the definition of materiality threshold for credit obligations past due for less significant institutions.
FED temporarily revised the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes in response to the COVID-19 pandemic.