Ceiops rejects CRO Forum’s concerns over MCR corridor

Gabriel Bernardino

The Committee of European Insurance and Occupational Pension Supervisors (Ceiops) has rejected concerns from the Chief Risk Officers (CRO) Forum that its proposed minimum capital requirement (MCR) calibrations will be at the top of the corridor as an "intended consequence of the level I design". Ceiops's comments came this morning as it released its final advice on the level II implementation measures. When the existing MCR approach was tested in the fourth quantitative impact study (QIS 4),