Commission urged to curb supervisors’ leeway on volatility adjustment

michel barnier

The European Commission is under pressure to limit supervisors' flexibility to define the factors used to calculate the volatility adjustment, amid concerns that the impact of the measure could be diluted. European insurers are lobbying for the commission to set conditions on the reference portfolio and calculating an allowance for the risk inherent in the assets, two basic elements of the volatility adjustment formula that was agreed in the Omnibus II compromise text last November. The volat

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