Update on Data Point Model and XBRL taxonomy design

The European Insurance and Occupational Pensions Authority (EIOPA)
publishes an update on the Data Point Model (DPM) and XBRL taxonomy
design.

Indications about those parts that have been updated are provided in the
"Release Notes" and "The Taxonomy Framework Architecture
Documentation".

In addition, EIOPA publishes a "Test Instance Release Package". It
contains a set of test cases allowing to conduct a practical check of
different elements of the XBRL Taxonomy.

EIOPA strongly recommends undertakings and software vendors to base their
work only on the most recent version of the Data Point Model and XBRL
taxonomy. The previous versions published by EIOPA are considered as
outdated.

Further major releases of the Preparatory Solvency II DPM and XBRL Taxonomy
are not foreseen, unless outstanding issues are detected. Hotfixes will be
released to solve potential minor issues.

Harmonised EU-wide reporting formats are crucial to ensure a consistent
implementation of European regulatory and supervisory frameworks to
support EIOPA's goal to improve the consistency and efficiency and
consistency of the supervision of financial institutions practices across
Europe.

Principles, rules and design approaches used in the current publication are
still under consideration and subject to further changes.

To contact EIOPA about information published in this section please use the
dedicated e-mail address: xbrl{at}eiopa.europa.eu (Link:
xbrl@eiopa.europa.eu )

Click here (Link:
https://eiopa.europa.eu/publications/solvency-ii-reporting-format/index.html
)to access the relevant page at EIOPA website.


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EIOPA publishes the Underlying Assumptions in the standard formula for the SCR calculation

The European Insurance and Occupational Pensions Authority (EIOPA) has
published the Underlying Assumptions in the standard formula for the
Solvency Capital Requirement (SCR) calculation.

The paper aims to support supervisors and undertakings in application of
the Solvency II Preparatory Guidelines on forward looking assessment of
own risks (FLAOR).

EIOPA committed to develop this paper as a follow-up to its public
consultation on Solvency II Preparatory Guidelines in 2013. Several
stakeholders asked for a transparent and comprehensive guidance on how to
fulfil the requirement to assess the deviation of their risk profile from
the underlying assumptions in the FLAOR process, and EIOPA has
acknowledged the need for such clarifications. Undertakings are requested
to fulfil this assessment in their FLAOR from 2015 onwards.

The legal status of the document is similar to the Technical Specifications
issued by EIOPA in April 2014. It reflects the content of the Solvency II
and Omnibus II Directives as well as the available draft of the (Level 2)
Delegated Acts.

Click here (Link:
https://eiopa.europa.eu/publications/technical-specifications/index.html
)to access the relevant page at EIOPA website.


This newsletter was sent to you by:

EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19

info@eiopa.europa.eu
https://eiopa.europa.eu

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password on the login page of the EIOPA Restricted Area.

EIOPA Conference (19 November 2014, Frankfurt) - Early Bird registration deadline ends 31 July

The 4th Annual EIOPA Conference, taking place on 19 November 2014 in
Frankfurt am Main, is organised within the framework of Europe's largest
meeting point for the finance and insurance industry: the Euro Finance
Week.

High-profile speakers will cover current topics in keynote speeches and in
three panel discussions:


"Long-term financing of the economy – Sustainable Growth?"
"Pensions - Does the new EU Pensions Directive reflect the needs of
IORPs in Europe?" "Solvency II - From Regulation to Supervision"

With more than 350 participants from the financial services industry, EU
institutions, as well as consumer representatives, consultants, academics
and national supervisory authority staff, the EIOPA Conference is the
central discussion forum for policymakers and the insurance and pensions
industry in Europe.

Don't miss this unique opportunity to listen to and participate in
interesting and lively debates, to exchange views with your peers, and to
benefit from excellent networking opportunities.

Registration

Early-bird registration ends on 31 July: Register online (Link:
http://www.malekigroup.com/en/event/eiopaconference111111-Info.html ) at a
reduced rate of EUR 690 plus VAT (regular ticket price: EUR 800 plus VAT).

Conference programme

The conference programme is available here (Link:
https://eiopa.europa.eu/conferences-events/2014/eiopa-conference-2014/programme/index.html
).

For further information please visit the EIOPA Conference website
(Link:
https://eiopa.europa.eu/conferences-events/2014/eiopa-conference-2014/index.html
) or contact EIOPAConference@eiopa.europa.eu (Link:
EIOPAConference@eiopa.europa.eu ). We look forward to welcoming you on 19
November in Frankfurt.


This newsletter was sent to you by:

EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19

info@eiopa.europa.eu
https://eiopa.europa.eu

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If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.

EBA, ESMA and EIOPA consult on technical standards for financial conglomerates risk concentration and intra-group transa

The Joint Committee of the three European Supervisory Authorities (ESAs -
EBA, ESMA and EIOPA) launched today a consultation on draft Regulatory
Technical Standards (RTS) on risk concentration and intra-group
transactions within financial conglomerates. The technical standards aim
at enhancing supervisory consistency in the application of the Financial
Conglomerates Directive (FICOD). The consultation runs until 24 October
2014.

The objective of the draft RTS is to clarify which risk concentrations and
intra-group transactions within a financial conglomerate should be
considered as significant. In addition, the RTS provide some supervisory
measures for coordinators and other relevant competent authorities when
identifying types of significant risk concentration and intra-group
transactions, their associated thresholds and reports, where appropriate.

The consultation paper (Link:
https://eiopa.europa.eu/consultations/consultation-papers/index.html ) is
available on the websites of the three ESAs: EBA, ESMA and EIOPA.


This newsletter was sent to you by:

EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19

info@eiopa.europa.eu
https://eiopa.europa.eu

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password on the login page of the EIOPA Restricted Area.

EIOPA published a speech by Gabriel Bernardino, Chairman of EIOPA, at the EIOPA Public event on Conflicts of Interest in

EIOPA published a speech by Gabriel Bernardino, Chairman of EIOPA, at the
EIOPA Public event on Conflicts of Interest in Frankfurt: "Insurers and
intermediairies have to put the customer at the heart of their business.
Reality is that firms have to take full responsibility for well-protected
and satisfied policy holders. We should not be under any illusion that
conflicts of interest do not bring harm to customers"

You could read the speech here (Link:
https://eiopa.europa.eu/press-room/speeches-presentations-and-interviews/index.html
)





This newsletter was sent to you by:

EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19

info@eiopa.europa.eu
https://eiopa.europa.eu

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If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.

EIOPA published its 2014 Report on Cross Border IORP Market Developments

Total assets in the EER over three trillion euro's; only 75 cross-border
IORPs. Click here to read the report (Link:
https://eiopa.europa.eu/publications/reports/index.html ).


This newsletter was sent to you by:

EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19

info@eiopa.europa.eu
https://eiopa.europa.eu

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If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.

EIOPA just published a speech by Chairman Gabriel Bernardino: Back to basics in consumer protection: a fair treatment

Click here (Link:
https://eiopa.europa.eu/press-room/speeches-presentations-and-interviews/index.html
)to read speech by Gabriel Bernardino, Chairman of EIOPA, at the Better
Finance for All Conference in Reykjavik


This newsletter was sent to you by:

EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19

info@eiopa.europa.eu
https://eiopa.europa.eu

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Please login to the Restricted Area of the EIOPA website and change
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If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.