Escali Blog

Taxonomy 2.5.0 - what's new?

Dec 23, 2020 1:56:53 PM / by Andrew Sweetmore posted in EIOPA Reporting, XBRL, QRT, Solvency II reporting, Taxonomy, EU, EIOPA

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As the year end approaches, it is time to review the changes in the taxonomy for EIOPA reporting which apply from Q4, 2020.

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The secret to successful reporting – it’s in the cloud

Nov 24, 2020 5:01:20 PM / by Andrew Sweetmore posted in EIOPA Reporting, Solvency II reporting, Cloud Software

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Software and applications are increasingly making use of cloud storage. Almost everyone makes use of this convenient technology in their everyday lives, whether it be to backup the data on their mobile phone or store photographs and other data.

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What is the LEI code?

Sep 29, 2020 2:48:30 PM / by Gerdt Vedeler posted in EIOPA Reporting, Solvency II reporting

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Introduction

LEI (Legal Entity Identifier) is an international identification number which is used for legal entities (e.g. companies or government entities) operating in financial markets. Institutional investors including banks, insurance companies and pension funds use LEI codes as they are required for supervisory reporting. LEI codes are also useful in the calculation of solvency capital requirements.

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What is the NACE code?

Aug 21, 2020 11:57:28 AM / by Andrew Sweetmore posted in EIOPA Reporting, Solvency II reporting, NACE

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NACE  (for the French term “ N omenclature  statistique  des  A ctivités   économiques  dans la  C ommunauté   E uropéenne ”)  is a European standard for industry grouping widely used in statistic s . It   is required for  institutional reporting like Solvency II and EIOPA reporting  for pension schemes .   It comes from  EU Regulation 1893/2006 of the European Parlament  

What is NACE? 

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EIOPA and ECB reporting requirements

Oct 17, 2019 2:27:00 PM / by Andrew Sweetmore posted in EIOPA Reporting

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A quick Google search for “EIOPA reporting for Pensions Schemes” brings up the Data Point Model and XBRL page on the EIOPA website. This page contains an enormous amount of information and can extremely useful for those of us who need to produce and validate the XBRL reports required by EIOPA and the ECB.

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Escali clients are ready for EIOPA reporting - are you?

Oct 11, 2019 2:42:00 PM / by Andrew Sweetmore posted in EIOPA Reporting

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The Bergen City Council Pension Fund (BKP) is one of the largest pension funds in Norway. With assets of nearly EUR 2bn, BKP will be required to submit EIOPA's new reports for pension schemes from Q3, 2019. BKP have successfully reported to the Financial Supervisory Authority of Norway as part of a test exercise. The pension fund is now well prepared to meet the reporting requirements.

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EIOPA reporting deferred in Ireland

Oct 4, 2019 11:00:07 AM / by Andrew Sweetmore posted in EIOPA Reporting

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Given a number of technical issues, the Pensions Authority has decided to defer the collection and reporting of data to EIOPA. Pension schemes will therefore not be required to submit EIOPA data separately to the Pensions Authority for a temporary period. This period is expected to be short.

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