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EU financial services: EIOPA revises Solvency II supervisory review process and market/counterparty risk guidelines; SRB: no 2026 SRF contributions; EBA finalises proportionate retail diversification under CRR

Published on: 13 February 2026

Published by a LexisNexis EU Law expert
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EU financial services developments EIOPA updates guidelines on supervisory review process and treatment of market and counterparty risk exposures

The European Insurance and Occupational Pensions Authority (EIOPA) has refreshed its guidelines on the supervisory review process, and on the handling of market and counterparty risk exposures within the standard formula. The main aim is to align the guidelines with the Solvency II review by refining and simplifying current provisions, while widening their scope to encompass emerging risks. Building on experience from applying the supervisory review process guidelines since their 2015 adoption, EIOPA highlights improvements to strengthen flexibility and adaptability, mirroring the shifting supervisory environment across Europe. Although the revisions are not directly applicable to the insurance sector, EIOPA considers that they should enhance predictability in firms’ dealings with supervisory authorities...

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