Pricewaterhousecoopers (pwc)
US omitted from second wave of equivalence assessments
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New approach needed for US, says European Commission, as seven countries identified for assessment
Original headline:
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...
Original headline:
The US’s far-reaching Foreign Account Tax Compliance Act comes into force soon, but a lack of clarity about what it entails means insurers are having to start preparations without knowing what they are...
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More Pricewaterhousecoopers (pwc) articles
Further delay to Omnibus II as European Parliament takes time for scrutiny...
Published online only
Concerns that Solvency II timetable could be delayed as a result
How insurers are dealing with internal model validation
Original headline:
Model validation is a key element for internal model approval under Solvency II, but it is one of the most demanding. Clive Davidson reports on how insurers are meeting the challenge
The road to US Solvency II equivalence will be a difficult one
Original headline:
The US Solvency Modernisation Initiative places the country in an encouraging position for Solvency II equivalence, but there are hurdles ahead. Thomas Whittaker reports
Old Mutual appoints group risk officer
Published online only
Sue Kean has been promoted to the role from head of governance and regulatory compliance
Plans for US Orsa gather pace
Original headline:
The prospect of a US version of the Own Risk and Solvency Assessment for insurers has moved a step closer with approval of the draft guidance. Thomas Whittaker looks at the progress of the initiative
Volcker rule delays likely as opposition grows
Published online only
Rule may slip up to two years before full implementation, following criticism
Implementation costs estimated to rise as FSA consults on Solvency II...
Published online only
FSA also outlines how UK regulatory reform will align with Solvency II regime
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