Featured Product

    BaFin Publishes FINREP 2.6_nGAAP Reporting Templates for Insurers

    September 25, 2017

    BaFin published the FINREP 2.6­­_nGAAP reporting templates for Solvency II reporting in Germany. The templates are valid from December 31, 2017 and are intended for reporting and disclosure obligations of primary insurers, reinsurers, and insurance groups (under Pillar III).

    The templates highlight in red the positions that do not apply to national GAAP reporters or do not make sense for Germany from the point of view of accounting (as per IFRS). The pink highlighted positions are irrelevant when viewed solo for group/group reference. The brown highlighted positions are the ones that cannot be derived from the existing reporting system, but they should always be able to be reported after an appropriate implementation phase. In the reporting forms document, tables with yellow tabs refer to both Simplified FINREP and Full FINREP (and, in some cases, Oversimplified FINREP and DataPoint FINREP) while tables with blue tabs only apply to Full FINREP.


    Solvency II introduces harmonized reporting requirements, which will complement and partly replace the national rules. However, member states may continue to maintain additional reporting requirements, which reflect national specificities or are based on information from commercial accounting.


    Related Links

    Keywords: Europe, Germany, Insurance, Accounting, Reporting, FINREP, Solvency II, GAAP, BaFin

    Featured Experts
    Related Articles
    News

    PRA Consults on Implementation of Certain Provisions of CRD5

    PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).

    July 31, 2020 WebPage Regulatory News
    News

    EIOPA Report Identifies Key Financial Stability Risks for Insurers

    EIOPA published the financial stability report that provides detailed quantitative and qualitative assessment of the key risks identified for the insurance and occupational pensions sectors in the European Economic Area.

    July 30, 2020 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for First Quarter of 2020

    EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.

    July 30, 2020 WebPage Regulatory News
    News

    EBA Issues Updates on Stress Test Exercise for Banks in EU

    EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.

    July 30, 2020 WebPage Regulatory News
    News

    PRA Proposes Guidance Related to Matching Adjustment under Solvency II

    PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.

    July 30, 2020 WebPage Regulatory News
    News

    MAS Issues Guidance on Dividend Distributions by Banks

    MAS published a statement guidance on dividend distribution by banks.

    July 30, 2020 WebPage Regulatory News
    News

    APRA Updates Guidance on Capital Management for Banks

    APRA updated its capital management guidance for banks, particularly easing restrictions around paying dividends as institutions continue to manage the disruption caused by COVID-19 pandemic.

    July 29, 2020 WebPage Regulatory News
    News

    FSB Report Reviews Macro-Prudential Framework and Tools in Germany

    FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.

    July 29, 2020 WebPage Regulatory News
    News

    EBA Urges Firms to Finalize Preparations for End of Brexit Transition

    EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.

    July 29, 2020 WebPage Regulatory News
    News

    SRB on Operational Continuity in Resolution and FMI Contingency Plans

    SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.

    July 29, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5604