Implementing Technical Standard on resolution planning

Gathering accurate and relevant information about institutions is key for the resolution authorities, therefore, the European Banking Authority (EBA) consulted on changes to the Implementing Technical Standards (ITS) on information for resolution planning in 2019.

The main purpose of this changes is harmonization of data collections and facilitating data exchange within resolution colleges. The EBA recently has started preparations for the framework 2.9 release, which includes resolution plans reporting.

The first RES report should be submitted until 31st of May 2019.

Publication of the revised reporting requirements is expected on April 2019. Changes will come into force on December 2019.

All changes in reporting will be introduced for all aSISt users with the RESOL module.

 

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Verification

How to ensure data integrity and safety without T4U support?

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Since the Tool for Undertakings (T4U) has been decommissioned, insurance companies have been urgently looking for an efficient and long-term solution for Solvency II reporting. Is it possible to migrate to a new reporting system without any data loss? How to make sure that the change of the tool will increase and not decrease the quality of report data?

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Reporting solutions for National Supervisors

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Each bank, financial institution or insurance company has to prepare obligatory reports, but the reporting process does not finish with sending the report to the National Supervisor (NCA). The NCA is obligated to validate the received file and send it to the EBA/EIOPA, or send it back if a mistake occurs. This process of verifying reports prepared by filers is very similar in most European countries. Read more…