Pretraži
Proposal amending the Solvency II Directive
Directive 2009/138/EC – also known as Solvency II – sets out the prudential regulatory framework for the insurance sector in the EU. The framework aims to establish the single market for insurance services further, while strengthening policyholders' protection. On 22 September 2021, the European Commission tabled a proposal for a directive that would amend Solvency II in essentially three ways: i) lowering regulatory obligations on small and low-risk profile insurance companies, ii) taking into account ...
Solvency II Prudential treatment of equity exposures
Insurance companies are important investors in EU capital markets. Most of their investments are in debt instruments, while equity investments can contribute to higher returns for policyholders and overall EU economic growth. This study analyses the treatment of equity investments by insurance companies in (proposed) EU legislation; it is considered that this legislation will have limited impact on equity investments. To enhance equity investment significantly drivers other than prudential ones would ...
Solvency II
Insurance companies are important investors in EU capital markets. Most of their investments are in debt instruments, while equity investments can contribute to higher returns for policyholders and overall EU economic growth. This study analyses the treatment of equity investments by insurance companies in (proposed) EU legislation; it is considered that this legislation will have limited impact on equity investments. To enhance equity investment significantly drivers other than prudential ones would ...
Solvency II review
The IA covers two Commission proposals representing the biggest amendment to date of the Solvency II framework, which came into force in the EU in 2016. Important parts of the framework laid down in delegated and implementing acts will be updated by the Commission at a later stage. This IA builds on a broad consultation of stakeholders, and on extensive advice from the European Insurance and Occupational Pensions Authority (EIOPA). In addition to various reports from EIOPA including a holistic IA ...
Third country equivalence in EU banking and financial regulation
This briefing provides an insight into the latest developments on equivalence in EU banking and financial regulation both in terms of governance and decision making (Section 1) and in terms of regulatory and supervisory frameworks that governs the access of third countries firms to the internal market (Section 2). The briefing also gives an overview on the possible role of equivalence regimes in the context of Brexit (Section 3) together with Brexit-related supervisory and regulatory issues (Section ...
Review of the Solvency II implementing measures
This briefing focuses on review of the implementing measures under Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II). Items for discussion include amendments to the Solvency II Delegated Regulation in the context of the Capital Markets Union and the review of the Solvency Capital Requirement standard formula, as well as the overall review of Solvency II.
EU-US bilateral agreement on prudential measures regarding insurance and reinsurance
The EU-US agreement on insurance and reinsurance was signed in September 2017. It aims at eliminating some key trade barriers in the sector, in particular collateral and local presence requirements. The agreement also tackles the issue of supervisory authority and exchange of information. The European Parliament is due to vote on giving its consent to the Council for the conclusion of the agreement during its February II plenary session.
Common rules and new framework for securitisation
In autumn 2015, the European Commission proposed a regulation on securitisation, in the context of the Capital Markets Union initiative. The proposal followed a consultation with stakeholders and took into account initiatives at international (BCBS-IOSCO) and European levels (EBA). The proposal replaces existing rules relating to due diligence, risk retention, transparency and supervision with a uniform regime. It provides a framework to identify simple, transparent and standardised (STS) securitisations ...
Europski sustav financijskog nadzora (ESFS)
Europski sustav financijskog nadzora (ESFS) višeslojan je sustav mikrobonitetnih i makrobonitetnih tijela, koja uključuju Europski odbor za sistemske rizike (ESRB), tri europska nadzorna tijela i nacionalna nadzorna tijela. Cilj je ESFS-a osiguranje dosljednog i usklađenog financijskog nadzora u EU-u. U tom nadzornom sustavu trenutačno dolazi do promjena zbog uvođenja bankovne unije i povlačenja Ujedinjene Kraljevine iz EU-a.
Financijske usluge: glavno zakonodavstvo
Tijekom globalne financijske krize velika se pozornost počela posvećivati regulaciji i nadzoru financijskih usluga u EU-u. Europska unija je nakon krize uvela velike reforme u svojoj politici financijskih usluga kako bi vratila stabilnost i povjerenje u financijski sustav. Tijekom posljednjih godina predloženo je više od 40 novih mjera zahvaljujući inicijativama kao što su bankovna unija i unija tržišta kapitala. Reforma financijskog sektora postupak je koji još uvijek traje.