On 30 January, EIOPA published its advice to the European Commission on Solvency II’s new proportionality framework (here).At first glance, the advice introduces very few changes, apart from a reduction in quantitative thresholds from €15 billion to €12 billion. EIOPA has also provided a resolution of comments here.
Additionally, EIOPA has published its technical advice on standard formula capital requirements for direct exposures to qualifying central counterparties (here).