The European Insurance and Occupational Pension Authority (EIOPA) has launched a consultation on the appropriateness and proportionality of public disclosure, in preparation for its 2020 Solvency II Review. EIOPA is assessing the appropriateness and proportionality of supervisory reporting and public disclosure content, volume, frequency and deadlines, and checking if existing exemption requirements are sufficient. While […]
On 15 July the European Insurance and Occupational Pensions Authority (EIOPA) released its updated Solvency II Data Point Models and XBRL taxonomies. The taxonomy and all related documents, including filing rules, details of the changes made, the Data Point Model, validations and instructions can be found here.
Regulators around the world continue to adopt the XBRL standard for structured digital business reporting. The standard streamlines the process, enhances comparability and improves the way that risk-based supervision works. Coming up fast in Europe: pension fund reporting. IORP II is an updated European regulation for occupational pension funds, designed to increase pensioner protection by […]
Many readers familiar with financial supervision and regulation will be aware of the so-called “Pillar 3” disclosure requirements which oblige banks and insurance companies to make a range of quantitative and qualitative public disclosures about the risks that they face and they way they manage them. There is much to be said for using disclosure as an additional policy […]
The European Insurance and Occupational Pensions Authority (EIOPA) welcomes feedback on draft amendments to their implementation regulations on reporting and disclosures. EIOPA plans to modify the guidelines on financial stability information and adopt new validations, which will be incorporated in the XBRL taxonomy version 2.3.0 to be published in July 2018. Contributions and comments can […]
Right on schedule, the European Insurance and Occupational Pensions Authority (EIOPA) has published the final 2.2.0 version of the EIOPA XBRL taxonomy. The Taxonomy is here. The guide is here. For more general information, look here.
Chaired by Michael Bloomberg, the FSB Task Force on Climate-related Financial Disclosures (TCFD) is due to publish its final report in July. The TCFD is developing voluntary, consistent, climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. One of TCFD’s main challenges is to create a […]
EIOPA is holding a 1 day workshop on the XBRL Tool for Undertakings on 8 July in Frankfurt.
The ECB has released the latest Quantitative Reporting Templates with “Add-ons” for information that needs to be provided for statistical purposes over and above the supervisory requirements.
In late December, following technical stakeholder feedback, EIOPA published several corrective updates to the Data Point Model and XBRL Taxonomy files to: Fix issues surrounding instance file submission; introduce Row/Column Codes in Annotated Templates; and provide information on the deactivation of specific validation rules. EIOPA is considering the publication of an additional release in February and will […]