News

The ESAs issued their Autumn 2024 Joint Committee Report on risks and vulnerabilities in the EU financial system. The Report underlines ongoing high economic and geopolitical uncertainties. The ESAs warn national supervisors of the financial stability risks stemming from these uncertainties.

Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-August 2024

EIOPA publishes monthly technical information for Solvency II Relevant Risk-Free Interest Rate Term Structures – end-August 2024

The extreme weather events of the past few years from flash floods in Germany, torrential rain in Slovenia as well as crippling heatwaves and wildfires across the Mediterranean have shown that no region is safe from the harmful effects of a changing climate.

German holding company FWU AG has recently gone into insolvency and its Luxembourgish subsidiary FWU Life Insurance Lux S.A. (“FWU Luxembourg”) filed for a suspension of payment with the District Court of Luxembourg. With this note, EIOPA provides an initial overview of the current situation.

The European Insurance and Occupational Pensions Authority (EIOPA) published today a follow-up report to the 2020 Peer Review on EIOPA’s Decision regarding the collaboration of insurance supervisory authorities.

The Joint Board of Appeal of the European Supervisory Authorities unanimously decided that the appeal brought by NOVIS against the European Insurance and Occupational Pensions Authority (EIOPA) is admissible.

The Joint Board of Appeal (The Board) of the European Supervisory Authorities (ESAs) – the EBA, ESMA, EIOPA - unanimously decided that the appeal brought by Euroins Insurance Group AD (Euroins) against the European Insurance and Occupational Pensions Authority (EIOPA) is inadmissible.

Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-July 2024

EIOPA publishes monthly technical information for Solvency II Relevant Risk-Free Interest Rate Term Structures – end-July 2024

EIOPA launched a public consultation on the future implementation of the new proportionality framework under Solvency II. The consultation covers two aspects, namely, how to classify insurance undertakings as small and non-complex and the conditions for granting similar proportionality measures.

EIOPA launched today a public consultation on the capital requirement treatment of insurers’ direct exposure to qualified central counterparties (CCPs) within the standard formula. Stakeholders are invited to provide their comments by 23 October 2024.

EIOPA published today its July 2024 Insurance Risk Dashboard, which shows that risks in the European insurance sector are stable and overall at medium levels, with pockets of vulnerabilities stemming from market volatility and real estate prices.

EIOPA published today its risk dashboard for the institutions for occupational retirement provision (IORPs), which shows that their exposure to market and asset return risks remains high due to continued market volatility and real estate market vulnerabilities.

The ESAs published today their joint final Report on the draft Regulatory Technical Standards (RTS) specifying how to determine and assess the conditions for subcontracting information and communication technology (ICT) services that support critical or important functions under DORA.

The European Supervisory Authorities will establish the EU systemic cyber incident coordination framework (EU-SCICF), in the context of the Digital Operational Resilience Act (DORA), that will facilitate an effective financial sector response to cyber incidents

The European Supervisory Authorities published today the second batch of policy products under the Digital Operational Resilience Act (DORA). This batch consists of four final draft regulatory technical standards (RTS), one set of Implementing Technical Standards (ITS) and 2 guidelines.

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published a consultation paper on Guidelines under Markets in Crypto-assets Regulation.

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a joint report following their workshop on the use of behavioural insights by supervisory authorities in their day-to-day oversight and policy work.