CEIOPS has presented to the members of the EU Economic and Financial Committee (EFC) the findings of its European wide stress test exercise for the insurance sector aimed at evaluating the overall resilience of sector under several stresses to the economic and financial market environment. The results of CEIOPS' stress test exercise indicate that the large and important European insurance groups would remain resilient even in severe scenarios. In all scenarios, the aggregated level of available capital exceeds the regulatory requirements.
CEIOPS published today the Report on Convergence 2009 and the Roadmap for Convergence for 2010. CEIOPS Report on Convergence 2009 offers an overview of CEIOPS' achievements in respect of the ECOFIN Roadmap on convergence during 2009 while the CEIOPS Roadmap on Convergence presents the 2010 CEIOPS' work streams following the latest ECOFIN Conclusions.
Aiming at increased transparency and ensuring that non-EEA supervisors are aware of the existence of a College for a particular group, CEIOPS publishes today the list of groups for which a College is in place.
CEIOPS publishes today its second bi-annual report on the financial conditions and financial stability of the insurance and occupational pension fund sector in the EU/EEA. The report covers developments in the (re)insurance and occupational pension fund markets for the periods 2007 and 2008. Furthermore, observations and an outlook for 2009 and beyond are also provided. Read more
Following approval by its Members on 30 october 2009, CEIOPS is delivering today its final advice on the vast majority of Solvency II Level 2 Implementing Measures together with a cover letter and a Feedback statement. It should be noted that before publication, CEIOPS has updated the references to Solvency II articles in its advice, in accordance with the latest publicly available Level 1 text. Read more on CEIOPS' website .
After intensive negotiations between the Commission, the European Parliament and the European Council, the three institutions agreed on a compromise text for the Solvency II Framework Directive that was adopted by the European Parliament's plenary session on 22 April 2009.
