EIOPA revokes previous guidelines to avoid duplicities and overlaps with DORA

The European Insurance and Occupational Pensions Authority (EIOPA) announced today that it will withdraw two previously published Guidelines and amend an Opinion – all related, at least in part, to the use of information communication technology (ICT) by undertakings. This decision comes in anticipation of the Digital Operational Resilience Act (DORA) coming into application. By … Leer más

EIOPA and ECB propose European approach to reduce economic impact of natural catastrophes

EIOPA and ECB propose possible EU-level approach to reduce insurance protection gap for natural catastrophes, building on existing national and EU structures Two-pillar solution includes pooling private risks to increase insurance coverage and strengthening EU public disaster risk management  European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB) today released a … Leer más

ESAs’ Dry Run exercise shows the goal of reporting of registers of information under Digital Operational Resilience Act in 2025 within reach

The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published today a summary report with the key findings from the 2024 Dry Run exercise on reporting the registers of information under the Digital Operational Resilience Act (DORA). The conclusions and lessons learnt as well as individual data quality feedback provided to financial entities … Leer más

EIOPA’s financial stability report sees insurers and pension funds weathering a complex and uncertain risk landscape

The European Insurance and Occupational Pensions Authority (EIOPA) published today its December 2024 Financial Stability Report in which it assesses the risks and vulnerabilities facing European insurers and occupational pension funds in a challenging risk landscape marked by high uncertainties. In addition to providing an overview of recent developments, the report also features three topical … Leer más

ESAs provide Guidelines to facilitate consistency in the regulatory classification of crypto-assets by industry and supervisors

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published joint Guidelines intended to facilitate consistency in the regulatory classification of crypto-assets under MiCAR. The Guidelines include a standardised test to promote a common approach to classification as well as templates market participants should use when communicating to supervisors the regulatory … Leer más