Featured Product

    EIOPA Issues Paper on Enhancing Macroprudential Framework for Insurers

    July 31, 2018

    EIOPA published a paper that identifies, classifies, and provides a preliminary assessment of the potential additional tools and measures to enhance the macro-prudential framework for insurers in EU. This is the third paper in a series on systemic risk and macro-prudential policy in the insurance sector.

    This third paper in the series builds on, and supplements, the previous ones by performing an initial assessment of additional potential tools or measures to be included in a macro-prudential framework designed for insurers. The aim of this exercise is to mitigate the sources of systemic risk and contribute to the achievement of the operational objectives. EIOPA conducted an analysis focusing on the four categories of tools: capital and reserving-based tools, liquidity-based tools, exposure-based tools, and preemptive planning. The paper describes the potential instruments or measures that have been identified for each category and offers preliminary analysis for each tool. It examines the way in which the tools in each category contribute to achieving one or more of the operational objectives identified in previous papers and offers preliminary conclusions. The paper focuses on whether a specific instrument should or should not be further considered. This is an important aspect in light of the future work in the context of the Solvency II review. The initial assessment should be understood as a first step of the process and not yet as a formal proposal. 

    The first paper in this series was published in 2017 and it identified and analyzed the sources of systemic risk in insurance. The second paper was published in March 2018 and it identified, classified, and provided a preliminary assessment of the already existing tools or measures in the Solvency II framework that could mitigate any of the previously identified systemic risk sources. Through this paper series, EIOPA intends to ensure that any further extension of the debate on systemic risk and macro-prudential policy to the insurance sector fully reflects the specific nature of the industry.


    Related Links

    Keywords: Europe, EU, Insurance, Systemic Risk, Macro-prudential Framework, Solvency II, EIOPA

    Featured Experts
    Related Articles
    News

    MAS Amends Notice 610 on Reporting Templates for Banks in Singapore

    MAS published amendments to Notices 610 and 1003 related to submission of statistics and returns, along with the reporting templates and frequently asked questions (FAQs) associated with these Notices.

    January 24, 2020 WebPage Regulatory News
    News

    HKMA Updates Policy Module on Supervisory Review Process

    HKMA is issuing, by notice in the Gazette, revised versions of two Supervisory Policy Manual modules as statutory guidelines under section 7(3) of the Banking Ordinance. The Supervisory Policy Manual modules are CA-G-5 on “Supervisory Review Process” and SB-2 on “Leveraged Foreign Exchange Trading.”

    January 24, 2020 WebPage Regulatory News
    News

    PRA Amends Pillar 2 Capital Framework for Banks

    PRA published the policy statement PS2/20 that contains the final amendments to the Pillar 2 framework and provides feedback to responses to the consultation paper CP5/19 on updates related to Pillar 2 capital framework.

    January 23, 2020 WebPage Regulatory News
    News

    FED Proposes to Revise Information Collection Under Market Risk Rule

    FED proposed to revise and extend, for three years, FR 4201, which is the information collection under the market risk capital rule.

    January 22, 2020 WebPage Regulatory News
    News

    HKMA Consults on Stay Rules on Financial Contracts Under FIRO

    HKMA published proposals for making rules related to contractual stays on termination rights in financial contracts for authorized institutions under FIRO or the Financial Institutions (Resolution) Ordinance (Cap. 628).

    January 22, 2020 WebPage Regulatory News
    News

    MAS Amends Notices on Minimum Liquid Asset Requirements for Banks

    MAS published amendments to Notices 1015, 613, and 649 related to the minimum liquid assets (MLA) requirements.

    January 21, 2020 WebPage Regulatory News
    News

    APRA Publishes Submission on Fintech and Regtech

    APRA published its submission, to the Senate Select Committee, on financial technology and regulatory technology.

    January 21, 2020 WebPage Regulatory News
    News

    OSFI to Implement Operational Risk Capital Rules for Banks in Q1 2022

    OSFI decided to move domestic implementation of the revised Basel III operational risk capital requirements from the first quarter of 2021 to the first quarter of 2022.

    January 20, 2020 WebPage Regulatory News
    News

    ECB Consults on Guideline on Threshold for Credit Obligations Past Due

    ECB published a draft guideline, along with the frequently asked questions (FAQs), on the definition of the materiality threshold for credit obligations past due for less significant institutions.

    January 20, 2020 WebPage Regulatory News
    News

    OSFI Consults on Instruction Guide for Termination of Pension Plan

    OSFI is consulting on draft revisions to the instruction guide for termination of a defined benefit pension plan.

    January 20, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4529