The report on the proposal for a regulation of the European Parliament and of the Council on a Pan-European Personal Pension Product (PEPP) has been tabled for the Plenary session. This report, which is the responsibility of the Committee on Economic and Monetary Affairs of the European Parliament (ECON), contains amendments to the proposed PEPP legislation. It also includes draft of European Parliament legislative resolution, opinion of the committee on employment and social affairs, opinion of the committee on the internal market and consumer protection, procedure of the committee responsible, and information on final vote by roll call in the committee responsible.
Keywords: Europe, EU, Insurance, PEPP, Pensions, Report for Plenary, European Parliament
Previous ArticleEC Vice President Makes Case to Complete Economic and Monetary Union
BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.
BoE updated the known issues document for the statistical reporting Forms AS and FV.
FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.
SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.
BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.
OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.
EBA updated the report on the implementation of selected COVID-19 policies.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.