EIOPA published the third paper in a series of papers with the aim of contributing to the debate on systemic risk and macroprudential policy.
https://eiopa.europa.eu/Publications/Reports/EIOPA%20Other%20potential%20macroprudential%20tools.pdf
The paper builds on and supplements the previous two papers by carrying out an initial assessment of other potential tools or measures to be included in a macroprudential framework designed for insurers.
The analysis focuses on four categories of tools:
- Capital and reserving-based tools
- Liquidity-based tools
- Exposure-based tools
- Pre-emptive planning
The paper focuses on whether a specific instrument should or should not be further considered. EIOPA highlights that this assessment is an important aspect in light of future work in the context of the Solvency II review. According to EIOPA, this initial assessment should be understood as a first step of the process and not yet as a formal proposal.
The first paper was published on 6 February (https://eiopa.europa.eu/Publications/Reports/Systemic%20risk%20and%20macroprudential%20policy%20in%20insurance.pdf) and the second paper was published on 21 March (https://eiopa.europa.eu/Publications/Reports/Solvency%20II%20tools%20with%20macroprudential%20impact.pdf).