IN DOMESTIC NEWS...
CENTRAL BANK PUBLISHES SOLVENCY II NEWSLETTER
On 19 February, the Central Bank published issue 25 of Solvency
II Matters. Since August 2010 the newsletter has reviewed the
industry's progress towards full implementation of Solvency II.
This is the penultimate issue of Solvency II Matters; the final
edition will be published in late March. Starting in June, the
Central Bank will publish an insurance newsletter on a quarterly
basis.
This month's edition of the newsletter covers Solvency II
developments at a European and domestic level since December 2015,
many of which have been reported in previous editions of the
Insurance Regulatory Update. Firms are reminded that the first set
of Solvency II regulatory returns must be submitted in May 2016. A
reporting update explains Day 1 reporting requirements under
Solvency II. Firms are strongly encouraged to ensure their IT
systems and end-to-end reporting process are both working
