Sponsor covenants in risk-based capital

Sponsor covenants in risk-based capital

At the time of writing, the European Insurance and Occupational Pensions Authority (Eiopa) has begun a second consultation on introducing a single harmonised regulatory capital framework for occupational pension schemes across different European Union (EU) member states. One possibility being considered is a market-consistent risk-sensitive regulatory framework akin to the Solvency II framework for EU insurers due to come into force in January 2014. This has been greeted with alarm by some wh

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