Bafin verlautbarung solvency ii pdf

Narrative solvency ii reports are to be submitted to bafin in pdf format. Olivier guersent the european commission plans to extend the looming reductions in the solvency ii capital charges on safe infrastructure projects to include insurers investments in companies engaged in infrastructure development. Es bietet viele klarstellungen, aber einige punkte bleiben unklar. Ircs subordinated debt product is tailored to match the requirements set out in the regulations for tier 2 capital under solvency ii. As such, an issuer receives all the benefits of debt tax deductible, fixed rate, long term but. Gustavheinemannufer 74c 50968 koln telefon 0221 99 87 0 telefax 0221 99 87 39 50 glinkastra. The architecture of the taxonomy is aligned with corep 2012 with dpm approach for modelling the data. Aufsicht bericht an eiopa genehmigung interne modelle beaufsichtigung nach solvency ii unternehmen. Bafin veroffentlicht zeitplan fur solvency iivorbereitung. Solvency ii bundesverband alternative investment e.

In accordance with the aim towards crosssector convergence, the instruments for financial supervision were in particular. Pursuant to article 89 of the solvency ii directive, ancillary own funds are ownfund items other than basic own funds which can be called up to absorb. The solvency ii directive directive 20098ec introduces advanced solvency requirements for insurers based on a holistic risk assessment, and imposes new assessment rules for assets and liabilities, which in future must be assessed at market values. Verlautbarungsphasen in 15 themenblocken sowie abfragen zum. Sub debt is specifically constructed to be a hybrid instrument between debt and equity. Gruppe bedient sich einer solvencyiikon formen adaptierten form. Cbi solvency ii matters 7 may consultation open until 19 june. Solvency ii wichtige daten zur berichterstattung 2015 2016 28. Regulatorische grundlagen des finanzdienstleistungssektors. Pursuant to article 88 of the solvency ii directive eu directive 20098ec, basic own funds are composed of the excess of assets over liabilities and subordinated liabilities. The new supervisory regime solvency ii came into force in full on 1 january 2016. Report on the companys solvency and financial position. Bermuda monetary authority bma solvency ii xbrl taxonomy 20110905 bma has developed the insurance solvency ii taxonomy. Kwm bafin statement on principle of equal treatment of.

This is aimed at reducing an insurers risk of insolvency. Subordinated debt ircs subordinated debt product is tailored to match the requirements set out in the regulations for tier 2 capital under solvency ii. Stefan mittnik, phd center for quantitative risk analysis ludwigmaximiliansuniversit at m unchen asset management unter solvency ii institutional money 10. Please inform bafin about details of planned tests using the following email address email. April 2014 bafin veroffentlichungen zu solvency ii stand.

Uhlenbruch executive seminar in kooperation mit dem. The document has to meet the specifications of, for instance, pdf a1a, pdf a2a or pdf a3a to ensure that the text contained in the document can be searched. Bafin statement on principle of equal treatment of investors on november 2015, the german federal financial supervisory authority bundesanstalt fur finanzdienstleistungsaufsicht, bafin issued a statement regarding the unequal treatment with regard to the disclosure of portfolio information and data. The protection of insured persons remains the main objective of insurance supervision in the solvency ii regime. The scr solvency capital requirements at the reporting date of. The standards focus on a stronger riskorientation and serve for the intensification of supervisory convergence, in order to prevent supervisory arbitrage. Oct 19, 2015 commission may cut solvency ii capital charges for infrastructure corporates. Therefore the importance of the interactions of solvency ii and the iasbproject to develop a new standard for the accounting of insurance contracts is frequently stressed in the solvency ii discussion. Bafin has published its findings from the figures reported for the individual classes of insurance for the first time since the new supervisory regime, solvency ii, entered into force on 1 january 2016. The main consequences of the marisk va are, firstly the. A modern stochastic solvency model for insurance companies is also based on the balance sheet like a traditional factorbased solvency model. Bafin s expectations with the amendment of the insurance supervisory act 9th amendment in 2007 and the publication of the marisk va in january 2009, germany is already anticipating the implementation of the qualitative pillar 2 requirements of the future solvency ii regime. The purpose of the guidelines is to adopt a consistent and convergent approach to solvency ii preparation across europe and to mitigate the risk that supervisors will adopt their own approaches at a national level.

Own funds consist of basic own funds and ancillary own funds. Since the 1990s, the then conference of european supervisory authorities worked on the improvement solvency i and restructuring solvency ii of the eu regulations on solvency that had been introduced in 1973 for nonlife assurance and in 1979 for life assurance undertakings. The solvency ii directive directive 20098ec introduces advanced solvency requirements for insurers based on a holistic risk assessment, and imposes new. Solvency iirahmenrichtlinie ab 2016 verbindlich saule 2 beinhaltet folgende itrelevanten themen 6 business continuity management bcm solvency ii quantitative anforderungen qualitative anforderungen marktdisziplin, offenlegung, reporting 41 49 risikomanagement compliance internes kontrollsystem notfallplanung business continuity. Business continuity management bcm solvency ii kompakt. Bafin, bundesbank, ezb, eba, eukommission, bcbs pflegen websites mit aktuellen informationen. Insurance supervision solvency ii does exist for test purposes parallel to insurance supervision solvency ii.