Financial services authority (fsa)
Regulator expected to avoid hard rules, but consultation may have been detrimental to market, say bankers
National European regulators are moving forward with Solvency II implementation at varying speeds. With Omnibus II still to be finalised, the uncertainties over the rules are creating additional pressures...
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Financial services authority (fsa) articles
Latest fines include second-highest individual market abuse penalty so far
Report by Treasury Select Committee reviews plans for new agency's role in European regulatory decisions
The deadline for responses to the Financial Services Authority's latest consultation on structured products fell yesterday, January 11. Responses have requested a broader scope and more clarity
The deadline for Solvency II implementation has long been a moving target – and European legislators agreed last year to give insurers an extra year to comply, with the regulation now due to come into full effect from 2014. Even then, some participants...
Churchill replaces existing chairman David Hall
Calls for guidance as FSA provides relief to insurers on dual-capital model concerns
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.