EIOPA Work Programme 2013 - EIOPA - Europa

transparency and accountability, reporting and disclosure, valuation, the
valuation of assets and liabilities other than technical provisions, and
governance. A full list of the standards and guidelines to be delivered is in the
annex.
In 2013 EIOPA will also continue to identify, scope and implement the
operational tasks required of it under Solvency II. This includes the following
• Publishing a list of authorised firms,
• Collecting and publishing a report about the use of capital add ons and the
extent to which they are consistently applied across member states
• Deriving and publishing the risk free rate.
• Mapping the ratings of External Credit Assessment Institutions.
• Publishing lists of typologies of regional governments and local authorities,
exposures to whom are to be treated as exposures to the central
government.
• Specifying adjustments to be made for currencies pegged to the euro.
• Choosing the equity index for the equity dampening mechanism
• Determining, at the request of national supervisory authorities or on its
own initiative, the existence of an exceptional fall in financial markets for
the application of the extension of the SCR recovery period
• Reporting to the European Parliament on the functioning of supervisory
colleges and the appointment of the group supervisor.
These specific operational tasks are accompanied by generic tasks which have
been given to EIOPA as part of the new supervisory structure. This includes the
power for binding mediation, further work on equivalence assessments, and
membership of colleges of supervisors. EIOPA will consider what should be the
configuration of working groups and other mechanisms to deliver this next phase
of insurance regulation.
On its own initiative EIOPA will also deliver the following during 2013:
• Start working on best practices with respect to aspects of the Supervisory
Review Process for supervisors as a practical step to contributing to a
common supervisory culture among supervisors
• Develop a centre of expertise on the use of internal models under
Solvency II
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