EIOPA, in the month of July, published new sets of questions and answers (Q&As) on commission implementing and delegating regulations. Most of the published answers are relevant to Solvency II.
This month, the Q&As have been published with respect to the following:
Commission Implementing Regulations (EU) No 2015-2450 laying down implementing technical standards on templates for the submission of information to the supervisory authorities
Commission Implementing Regulations (EU) No 2015-2452 laying down implementing technical standards on the procedures, formats, and templates of the solvency and financial condition report
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, Insurance, Q&A, EIOPA, Implementing Technical Standards, Commission Implementing Regulation, Commission Delegated Regulation
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FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.
EBA published the annual report on asset encumbrance of banks in EU.
MAS revised the guidelines that address technology and cyber risks of financial institutions, in an environment of growing use of cloud technologies, application programming interfaces, and rapid software development.
FED updated the reporting form and instructions for the FR Y-9C report on consolidated financial statements for holding companies.
EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.