As a response to EC’s Call for Advice (see here) on the review of the prudential treatment of securitisations under Solvency II, EIOPA has prepared a consultation paper and is now requesting feedback on the policy options proposed by Wednesday 13 July (EU Survey tool).
EIOPA has assessed that the level of investments in securitisations are relatively low and therefore, suggests that there is not sufficient justification to change the existing calibrations.
The secretariat of Insurance Europe will further assess the consultation and propose a way forward.
For more information, please see here.