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

    APRA Finalizes Prudential Standard for Credit Risk Management of Banks

    APRA updated the prudential standard on credit risk management requirements (APG 220) for authorized deposit-taking institutions, post a public consultation.

    December 12, 2019 WebPage Regulatory News
    News

    APRA Issues Operational Risk Rules, Consults on Reporting Requirements

    APRA published an updated prudential standard APS 115 that sets out operational risk requirements for authorized deposit-taking institutions in Australia.

    December 11, 2019 WebPage Regulatory News
    News

    ESMA Updates Q&A on European Benchmarks Regulation in December 2019

    ESMA updated the question and answers (Q&A) document on the European Benchmarks Regulation.

    December 11, 2019 WebPage Regulatory News
    News

    APRA Decides to Keep Countercyclical Capital Buffer for Banks at 0%

    APRA announced its decision to keep the countercyclical capital buffer (CCyB) for authorized deposit-taking institutions on hold at zero percent.

    December 11, 2019 WebPage Regulatory News
    News

    FED Extends Consultation Period for Capital Requirements for Insurers

    FED is extending comment period for the proposed rule establishing risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities.

    December 10, 2019 WebPage Regulatory News
    News

    OSFI Sets Domestic Stability Buffer Level at 2.25%

    OSFI has set the Domestic Stability Buffer, or DSB, at 2.25% of total risk-weighted assets, with effect from April 30, 2020.

    December 10, 2019 WebPage Regulatory News
    News

    EBA Issues Revised List of Validation Rules for Reporting by Banks

    EBA published a revised list of validation rules in its implementing technical standards on supervisory reporting.

    December 10, 2019 WebPage Regulatory News
    News

    SRB Holds Annual Conference, Reflects on Turning Policy into Action

    SRB published a report on its fourth annual conference that was held on October 10, 2019 in Brussels.

    December 10, 2019 WebPage Regulatory News
    News

    APRA Specifies Capital Treatment of Equity Investments in ABGF

    APRA published a letter to the authorized deposit-taking institutions outlining the regulatory capital treatment of their equity investments in the Australian Business Growth Fund (ABGF).

    December 09, 2019 WebPage Regulatory News
    News

    EBA Updates Guidelines on Reporting of Funding Plans of Banks

    EBA updated the guidelines on harmonized definitions and templates for the reporting of funding plans of credit institutions.

    December 09, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4305