EIOPA published the second paper in a series of papers on the methodological principles of insurance stress testing.
The Methodological Paper is a follow-up to the consultation with stakeholders and focuses on the liquidity component. Overall, it is a further step in enhancing EIOPA’s stress testing framework.
In particular, the paper sets out methodological principles that can be used to design bottom-up stress test exercises to assess the vulnerability of insurers to liquidity shocks. The conclusions are based on the current understanding and knowledge of the liquidity risk in the insurance industry. Hence, this might evolve in the future to reflect also the experience gained in the assessment of such risk at European and global level.
Amid the increasing consideration given to liquidity risk by the insurance industry and by the supervisors at European and global level, and in the absence of a commonly adopted liquidity framework for industry in the European Union, the paper depicts a conceptual approach to the assessment of the liquidity position of insurers under adverse scenarios.

The Committee has published for consultation two technical amendments to the chapter of the Basel Framework that sets out the calculation of minimum haircut floors for securities financing transactions (SFTs).
The technical amendments seek to address an interpretative issue relating to collateral upgrade transactions and correct for a misstatement of the formula used to calculate haircut floors for netting sets of STFs.
Technical amendments are defined as changes in standards that are not substantial in nature but that cannot be unambiguously resolved based on the current text.
Comments on the proposed technical amendments should be submitted by 31 March 2021.

ECB launches the IMAS Portal addressed to all banks directly supervised by the ECB can use the portal.
Significant banks can use the IMAS Portal to submit their applications for fit and proper assessment, track the status of these assessments and exchange related information with supervisors.
The use of the IMAS Portal for fit and proper assessments is mandatory by law or as administrative practice in some countries (like Italy, see the statement of Bank of Italy) and voluntary in others.
The IMAS Portal does not change the way in which the ECB and national supervisory authorities cooperate: in all participating countries the national supervisory authority remains the entry point for fit and proper applications.

Bank of Italy publishes two articles written by researchers:

Published on the Official Journal of the European Union the Delegated Regulation (EU) 2021/70 of 23 October 2020 amending Delegated Regulation (EU) 2018/1229 concerning the regulatory technical standards on settlement discipline, as regards its entry into force.

(only in Italian)
Pubblicata nella Gazzetta Ufficiale n. 20 del 26 gennaio 2021 la Delibera Covip 13 gennaio 2021 recante Istruzioni di vigilanza per le società che gestiscono fondi pensione aperti.
Le istruzioni definiscono le modalità di coordinamento della normativa del decreto n. 252/2005, in tema di governance, con gli ordinamenti di settore delle società che gestiscono fondi pensione aperti al fine di salvaguardarne l’applicazione in caso di sovrapposizione tra le discipline.