Quants propose KVA and FVA accounting framework based on Solvency II regulation
Alexey Botvinnik and Vladimir Ostrovski propose a validation method for interest rate models
UK insurers welcome additional capital relief
Stress tests expose flaw in formula to calculate volatility adjustment
Industry representatives call on Eiopa to soften draft specifications
Commission 'must ensure proportionality of Solvency II' rules as MEPs give green light to new regime
Omnibus II approved by European Parliament
Rules expected to be tightened on determination of future profits
Static transitional will smooth impact of unrealised gains on profit shares
Concerns national specific templates could lead to gold-plating and increased reporting burden
Regulator to introduce Orsa requirement and toughen governance rules in 2015
Insurers have concerns about European Commission's unofficial Level 2 text
Firms struggling with validating external models, expert judgement and risk dependencies, say experts
Requirements for using deduction and aggregation method to calculate SCR of subsidiaries remain too high, insurers say
Inclusion of non-fixed-income assets in reference portfolio is 'unjustified'
Exception in draft Level 2 text could exclude active funds
European Commission's unofficial Level 2 draft disregards insurers’ calls for the adjustment to be capped
Two months after the landmark political agreement on Omnibus II, MEP Burkhard Balz discusses the thorny issues that did not make it into the directive, spells out his expectations for the level 2 text and gives a warning about the implications of global...
Omnibus II rapporteur fears additional burden of global quantitative requirements
Delegated acts must set stringent conditions for calculating fundamental spread, insurers say
Insurance supervisor will also allow XBLR reporting, says regulator's head of Solvency II
European insurer demand for debt securitisations could vanish despite proposals for lower capital charges
Prudential Regulation Authority to copy wording 'as closely as possible'
Controversial Smith-Wilson technique expected to be confirmed in level 2 implementing measures