‘Flawed’ standard formula currency risk calibration needs revision - Insurance Europe

currency

Insurance Europe, the pan-European industry trade body, is lobbying policy-makers to revise the standard formula's calibration for currency risk in light of evidence that the present methodology is not fit for purpose.

Research conducted by the trade association suggests that the current wording in the draft level 2 text does not reflect the real currency risks faced by insurers, and acts as a deterrent against the holding of asset reserves in local currencies. A report published by Insurance

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here