EIOPA published extraordinary information for Solvency II Risk Free Interest Rate (RFR) Term Structures and Symmetric Adjustment to Equity Risk with reference to March 24, 2020. Due to COVID-19 outbreak, in the coming week, EIOPA will carry out extraordinary calculations on weekly basis to monitor the evolution of RFR interest rate term structures and the symmetric adjustment to equity risk. EIOPA is publishing this information to support insurance and reinsurance undertakings in the monitoring of their solvency and financial position.
The information will be published on a specific area of the website created for this purpose both for RFR and symmetric adjustment to equity risk named “Extraordinary weekly updates.” RFR information has been calculated applying the content of the technical documentation published on October 01, 2019 and based on RFR coding released on October 08, 2019.
- Press Release
- RFR Rate Term Structures
- Symmetric Adjustment to Equity Risk
- Technical Documentation, October 2019 (PDF)
Keywords: Europe, EU, Insurance, RFR Calculation, Solvency II, Reporting, Risk-Free Interest Rate, RFR Coding, COVID-19, Reinsurance, 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 ArticleEC Consults on Renewed Sustainable Finance Strategy
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
The Financial Stability Board (FSB) and the Network for Greening the Financial System (NGFS) published a joint report that outlines the initial findings from climate scenario analyses undertaken by financial authorities to assess climate-related financial risks.
The Financial Stability Board (FSB) published a letter intended for the G20 leaders, highlighting the work that it will undertake under the Indian G20 Presidency in 2023 to strengthen resilience of the financial system.
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
The European Union has finalized and published, in the Official Journal of the European Union, a set of 13 Delegated and Implementing Regulations applicable to the European crowdfunding service providers.
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.