The Prudential Regulation Authority of the Bank of England is consulting through to early June on a format change for a number of insurance reporting submissions in order to align its Solvency II Quantitative Reporting Templates with a range of EIOPA data requirements. The UK’s regulatory authorities continue to work towards the standardisation of supervisory […]
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Fujitsu has released an article on the issues facing both regulators and market participants with regards to Solvency II. “Solvency II – Ensure Compliance” provides a comprehensive overview of the approach taken by regulators, including EIOPA and National Competent Authorities, along with concrete examples of compliance efforts by the Financial and Capital Markets Commission of Latvia and […]
Invoke recently announced that their Irish client Insurers have been provided with the full set of CBI Solvency II National Specific Templates (NSTs) within their “e-Filing Insurance” regulatory reporting portal solution, thus allowing them to be fully prepared on time for the mandatory quarterly submissions due from May 2016 and for the semi-annual and annual […]
EIOPA is holding a 1 day workshop on the XBRL Tool for Undertakings on 8 July in Frankfurt.
Solvency II, the new European rules that harmonise insurance regulation, including the introduction of uniform capital rules across Europe was a key area of focus at the recent XBRL EU Week in Madrid.
The Latvian regulator has implemented Solvency II and CRD IV reporting using a taxonomy-driven approach. *Link to presentation added*
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 […]