Insurers will have to wait a little longer to learn the final details and implementation timeline of Solvency II, the European Union’s troubled initiative to harmonise regulation of the region’s insurance companies. Delays in the legislative process mean Solvency II’s risk-based capital rules are now unlikely to be implemented before 2015 or 2016.
This is a mixed blessing for hedge funds. Solvency II could force insurers to take potentially punitive capital charges against their hedge fund
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Credit risk quants are hitting the tech gap
- Princeton tops inaugural Risk.net quant master’s ranking
- Does credit risk need an expected shortfall-style revamp?
- Teach history to avoid mistakes of yesterday’s quants