FSA considers early adoption of Solvency II measures

News

The UK's Financial Services Authority (FSA) is planning to apply some of the provisions of Solvency II in advance of the directive being signed into UK law five years from now. Changes being discussed include requiring UK firms to use Solvency II risk margins, available capital definitions and risk assessment guidance.

According to Paul Sharma, the FSA's head of prudential policy, "We will discuss to what extent we should be anticipating parts of the Solvency II rule changes in the next five year

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