EIOPA Issues Parallel Technical Information on RFR Term Structures
EIOPA published the fourth and last parallel technical information on the relevant risk-free interest rate, or RFR, term structures, with reference to the end of December 2019, based on Refinitiv data. This parallel publication reflects the content of the technical documentation published on October 01, 2019 and is based on risk-free interest rate coding released on October 08, 2019; it will allow stakeholders to compare their own calculations with those of EIOPA before the official publications for the end of January 2020.
EIOPA also published monthly technical information on the risk-free interest rate term structures with reference to the end of December 2019. EIOPA is informing that a bug, which was spotted in the derivation of the weights of the country corporate part of the representative portfolios, has been fixed. Technical information related to the risk-free interest rate term structures is used to calculate technical provisions for (re)insurance obligations. In line with the Solvency II Directive, EIOPA publishes technical information relating to the risk-free interest rate term structures on a monthly basis. This is intended to ensure consistent calculation of technical provisions across Europe, and, thus, higher supervisory convergence for the benefit of the European insurance policyholders.
Related Links
Keywords: Europe, EU, Insurance, Reinsurance, Solvency II, Risk-free Interest Rate, Reporting, Refinitiv Data, RFR Calculation, RFR Coding, EIOPA
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Adam Koursaris
Asset and liability management expert; capable modeler; risk and capital specialist
Previous Article
CBB Publishes Consultations and Revised Rules in December 2019Next Article
ESMA Publishes Its Strategic Orientation for 2020-22Related Articles
EC Rule on Contractual Recognition of Write Down and Conversion Powers
The European Commission (EC) published the Delegated Regulation 2021/1527 with regard to the regulatory technical standards for the contractual recognition of write down and conversion powers.
APRA Issues Further Guidance on Application of Securitization Standard
The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to provide guidance to authorized deposit-taking institutions on the interpretation of APS 120, the prudential standard on securitization.
SRB Provides Update on Approach to Prior Permissions Regime
The Single Resolution Board (SRB) published a Communication on the application of regulatory technical standard provisions on prior permission for reducing eligible liabilities instruments as of January 01, 2022.
APRA Publishes FAQs on Capital Treatment of Overseas Subsidiaries
The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to clarify the regulatory capital treatment of investments in the overseas deposit-taking and insurance subsidiaries.
EBA Finalizes Guidance to Assess Breaches of Large Exposure Limits
The European Banking Authority (EBA) published the final report on the guidelines specifying the criteria to assess the exceptional cases when institutions exceed the large exposure limits and the time and measures needed for institutions to return to compliance.
PRA Finalizes Changes to Consolidated Prudential Rules Under CRD5/CRR2
The Prudential Regulation Authority (PRA) issued the policy statement PS20/21, which contains final rules for the application of existing consolidated prudential requirements to financial holding companies and mixed financial holding companies.
EBA Revises Guidelines on Stress Tests of Deposit Guarantee Schemes
The European Banking Authority (EBA) revised the guidelines on stress tests to be conducted by the national deposit guarantee schemes under the Deposit Guarantee Schemes Directive (DGSD).
Nordea Bank and EIB Sign Agreement to Fund Green Projects in Nordics
The European Commission (EC) announced that Nordea Bank has signed a guarantee agreement with the European Investment Bank (EIB) Group to support the sustainable transformation of businesses in the Nordics.
HKMA Endorses Industry Guidance to Support LIBOR Transition
The Hong Kong Monetary Authority (HKMA) issued a circular, for all authorized institutions, to confirm its support of an information note that sets out various options available in the loan market for replacing USD LIBOR with the Secured Overnight Financing Rate (SOFR).
OCC Issues Booklet on Supervision of Problem Banks
The Office of the Comptroller of the Currency (OCC) issued a new "Problem Bank Supervision" booklet of the Comptroller's Handbook. The booklet covers information on timely identification and rehabilitation of problem banks and their advanced supervision, enforcement, and resolution when conditions warrant.
