The Advisory Scientific Committee of the European Systemic Risk Board has today published a report presenting the main channels through which Exchange-Traded Funds (ETFs) have the potential to affect systemic risk. ETFs are hybrid investment vehicles that track an index or a basket of assets (typically referred to as “constituent securities”) and are continuously traded on liquid secondary markets.
The Advisory Scientific Committee of the European Systemic Risk Board has today published a report discussing how excessive regulatory complexity can contribute to systemic risk and possible ways to address the issue, in view of the existing significant complexity and uncertainty in the financial system.
The European Insurance and Occupational Pensions Authority (EIOPA) launched today a consultation on a draft opinion on sustainability within Solvency II. The draft opinion forms part of EIOPA’s strategic activities on sustainable finance and follows a call for opinion from the European Commission. The consultation runs until Friday, 26 July 2019.
The European Securities and Markets Authority (ESMA) today publishes its latest risk dashboard for the European Union’s securities markets, covering the first quarter of 2019. It finds that the risk landscape in Q1 2019 remains largely unchanged compared to the fourth quarter of 2018.
The International Energy Agency’s annual benchmark for tracking energy investment, World Energy Investment 2019 provides a full picture of today’s capital flows and what they might mean for tomorrow’s energy sector. It assesses whether the frameworks and strategies put in place by governments, the energy industry, and financial institutions are spurring timely investment, and how spending across sectors and technologies matches with the world’s energy security and sustainability needs.
The European economy is forecast to continue expanding for the seventh year in a row in 2019, with real GDP expected to grow in all EU Member States. As global uncertainties continue to weigh, domestic dynamics are set to support the European economy. Growth is expected to gather pace again next year.
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its 2018 Supervisory Activities Report in accordance with Article 259 of the Solvency II Directive. Following the publication of the Common Supervisory Culture in November 2017 and the Supervisory Convergence Plan for 2018 -2019 in April 2018 this first annual Report outlines the supervisory activities conducted in 2018 and sets out the priorities for 2019.
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Johannes Pennekamp and Philip Plickert on 17 April 2019 and published on 23 April 2019.
The European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the fourth quarter 2018 Solvency II data.
Today, the European Insurance and Occupational Pensions Authority (EIOPA) launched its biennial stress test of the European occupational pension sector. This exercise is expected to allow important and relevant insights into the resilience and potential vulnerabilities of the European occupational pension sector. For the first time, a European stress test includes an assessment of Environmental, Social and Governance (ESG) exposures.
The European Union’s (EU) banking, insurance, pensions and securities sectors continue to face a range of risks, the latest report on “Risks and Vulnerabilities in the EU Financial System” published today by the Joint Committee of the European Supervisory Authorities (ESAs) shows.
This year’s GIS conference will explore key topics of sustainability from a European and international insurance supervision perspective focusing on: Sustainable Business Models for Insurers: Fair Competition in a Disruptive Environment; Closing the Protection Gaps: The Leading Role of Insurance in the Area of Natural Catastrophes and Demographic Change; Micro Meets Macro: A Holistic Framework for Systemic Risk in the Insurance Sector.