EIOPA has published a discussion paper presenting its preliminary findings on its enquiry into the calibration and design of regulatory capital requirements for insurers’ long-term investments. The asset classes covered in the analysis include infrastructure and projects, SMEs and social businesses and securitisations. A final report in July will take into account the work on long-term guarantees, and together they will shape a possible reform of Solvency 2. (Source: Discussion Paper on Standard Formula Design and Calibration for Certain Long-Term Investments)