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European Insurance and Occupational Pensions Authority
ConsultationClosed

Consultation on standard formula capital requirements for insurers' direct exposures to qualifying central counterparties

Details

Status
Closed
Opening date
Deadline

Target audience

On 30 April 2024, the European Commission requested from EIOPA technical advice on the standard formula capital requirements for exposures to qualifying central counterparties when undertakings become direct clearing members.

Why we are consulting

So far, EEA insurance and reinsurance undertakings have engaged with CCPs indirectly as clients, through the intermediation of a clearing member. Solvency II has included a specific treatment for indirect clearing for derivatives that was introduced in 2019. A specific treatment for direct clearing was not introduced. The Consultation Paper discusses different options to account for insurers' direct involvement in CCPs.

Respond to the consultation

The response period for this consultation has ended. Thank you for your input.

Reference documents

31 JULY 2024
Consultation Paper on insurers' direct exposures to qualifying central counterparties.pdf