EIOPA published new sets of questions and answers (Q&A) on directives and regulations applicable to insurers in Europe. The Q&A tool is intended to assist in the consistent application of EU regulations for the insurance sector. Financial institutions, supervisors, and other stakeholders can use the tool to submit questions on EIOPA directives, regulations, and guidelines in the area of insurance and pensions.
The new Q&A have been published on the following topics:
- Answers to (EU) No 2009-138 on Solvency II Directive (Insurance and Reinsurance)
- Answers to (EU) No 2016-97 on Insurance Distribution Directive
- Answers to (EU) No 2015-2452 on procedures formats and templates of the solvency and financial condition report
- Answers to (EU) No 2015-2450 on templates for submission of information to the supervisory authorities
- News Release on Answers to (EU) No 2009-138
- News Release on Answers to (EU) No 2016-97
- News Release on Answers to (EU) No 2015-2452
- News Release on Answers to (EU) No 2015-2450
- Overview of Q&A on Regulation
Keywords: Europe, EU, Insurance, Reinsurance, Solvency II, Q&A, Delegated and Implementing Regulations, Reporting, IDD, EIOPA
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
Previous ArticlePBC and CBIRC Announce Takeover of Baoshang Bank for One Year
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.
As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.
The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.
The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.
The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.
The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.