DNB issued insurance newsletter for September 2018. The newsletter highlights that DNB is inquiring about the risks of a hard Brexit among a group of large insurers. DNB wants to gain more insight into the extent to which insurers are exposed to the risks of a hard Brexit, the extent to which insurers are aware of these risks, and the mitigating measures taken by insurers.
The newsletter mentions that the insurers must prepare a regular supervisory report at least once every three years, unless DNB requests a different frequency. This reporting obligation is laid down in the Solvency II regulations. The newsletter also includes an updated calendar on the insurance sector.
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Keywords: Europe, EU, Netherlands, Insurance, Solvency II, Brexit, Reporting, QIS Calendar, DNB
APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.
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).
HM Treasury notified that, after considering all responses, the government intends to bring forward further legislation, when the Parliamentary time allows, to address issues identified in the consultation on supporting the wind-down of critical benchmarks.
EIOPA launched the 2021 stress test for the insurance sector in EU.
UK authorities jointly published the third edition of Regulatory Initiatives Grid setting out the planned regulatory initiatives for the next 24 months.
EC is requesting feedback on the proposed Commission Delegated Regulation on the content, methodology, and presentation of information that large financial and non-financial undertakings should disclose about their environmentally sustainable economic activities under the Taxonomy Regulation.
OSFI has set out the near-term priorities for federally regulated financial institutions and federally regulated private pension plans for the coming months until March 31, 2022.
Under the Italian G20 Presidency, BIS Innovation Hub and the Italian central bank BDI launched the second edition of the G20 TechSprint on the lookout for innovative solutions to resolve operational problems in green and sustainable finance.
ACPR published Version 1.0.0 of the RUBA taxonomy, which will come into force from the decree of January 31, 2022.
EBA proposed the regulatory technical standards on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in EU.