Europejski Urząd Nadzoru Bankowego, Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Europejski Urząd Nadzoru Ubezpieczeń i Pracowniczych Programów Emerytalnych (European Insurance and Occupational Pensions Authority - EIOPA), Opinia Wspólnego Komitetu w sprawie przeglądu ram ostrożnościowych dotyczących sekurytyzacji (ubezpieczenia)

JC-2022/67 12

December 2022

JOINT COMMITTEE ADVICE ON THE REVIEW OF THE SECURITISATION PRUDENTIAL FRAMEWORK (INSURANCE)

EXECUTIVE SUMMARY

This section is the response to the insurance part of the Call for Advice (CfA) of the European Commission to the Joint Committee (JC) of the three ESAs for the purposes of the securitisation prudential framework review.

The analysis performed for this advice is based also on answers received by 98 European standard formula, solo (re)insurance undertakings through a quantitative and a qualitative questionnaire. In addition, it includes input received from stakeholders received at the Roundtable which took place on the 22nd of June as well as through an open consultation which took place from the 15th of June until the 13th of July 2022 . EIOPA’s preliminary conclusions included in the consultation paper were also presented at the Insurance and Reinsurance Stakeholder (IRSG) meeting on June 28, 2022.

The JC supports the objective of reviving the EU...