EIOPA Launches Solvency II Single Rulebook for Insurance Sector
EIOPA launched Single Rulebook, an online tool intended to promote consistent implementation of the regulatory framework for insurance supervision across EU. EIOPA published a pilot Rulebook for Solvency II, comprising Directive 138/2009/EC, Delegated Regulation (EC) 2015/35, Delegated Regulation (EC) 2016/467, Delegated Regulation (EC) 2018/1221, and Implementing Technical Standards adopted by EC, in addition to the EIOPA Guidelines, Opinions, Supervisory Statements, and Questions and Answers (Q&A). EIOPA plans to expand the scope of the Single Rulebook by adding questions and answers submitted via the dedicated Q&A process of EIOPA.
The Single Rulebook will provide access to key regulatory and supervisory texts in the scope of the EIOPA activity. The main benefit of the Single Rulebook is that enables the navigation across different legal acts such as the Directive, Delegated and Implementing Regulations as well as EIOPA Guidelines, Recommendations, Opinions, and Supervisory Standards. This aim of this tool is to improve the understanding of the applicable rules and to promote the European internal market.
Related Links
Keywords: Europe, EU, Insurance, Solvency II, Single Rulebook, Q&A, EIOPA
Featured Experts
Adam Koursaris
Asset and liability management expert; capable modeler; risk and capital specialist
Jerome Ogrodzki
Insurance asset and liabilities modeling specialist; stochastic modeling expert
Brian Robinson
Actuary; risk management specialist; corporate and capital modelling expert
Previous Article
EBA Updates Single Rulebook Q&A in July 2020Related Articles
EC Regulation Sets Out Standards for Reporting and Disclosure of MREL
EC published the Implementing Regulation 2021/763 that lays down implementing technical standards for supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL).
APRA Decides to Standardize Submission Date for Quarterly Reporting
APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.
ECB Working Group Publishes Recommendations on EURIBOR Fallbacks
The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).
Bundesbank Publishes Supporting Documentation for Reporting by Banks
Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.
EBA Publishes Phase 1 of Reporting Framework 3.1
EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).
APRA to Finalize Capital Adequacy Standard Revisions by January 2022
Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA
ESMA Issues Guidelines on Outsourcing to Cloud Service Providers
ESMA published the final guidelines on outsourcing to cloud service providers.
EBA Publishes Data on Deposit Guarantee Schemes
EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.
OSFI Sets Out Plan for Future Guidance on Managing Technology Risk
OSFI has set out the schedule for release of draft guidance on the management of technology risks by federally regulated financial institutions and private pension plans.
MAS Updates Housing Loan Rules, Proposes Corporate Governance Guidance
MAS updated rules for new housing loans by banks and finance companies.
