EIOPA Opinion on the supervision of liquidity risk management of institutions for occupational retirement provision (IORPs)

he expectations presented in the EIOPA Opinion aim to enhance the monitoring, assessment, and management of liquidity risks, with a view to further strengthening the stability of IORPs and the wider financial system and improving the protection of pension fund members and beneficiaries.

In this context, the CSSF draws the attention of SEPCAVs and ASSEPs to paragraph 3.32. of the EIOPA Opinion (“Proportionality”), informing that IORPs with material liquidity exposures (as further explained in this paragraph) should implement the expectations contained in the EIOPA Opinion in a manner that is proportionate to their size and internal organisation as well as the nature, scale and complexity of the liquidity risks inherent in the IORPs’ activities.

EIOPA’s press release and Opinion on the supervision of liquidity risk management of IORPs can be found under the following links:

• EIOPA’s press release:

EIOPA issues Opinion to enhance the supervision of occupational pension funds’ liquidity risk management – EIOPA

• EIOPA’s Opinion on the supervision of liquidity risk management of IORPs:

Opinion on the supervision of liquidity risk management of Institutions for Occupational Retirement Provision (IORPs) – EIOPA