Internal model firms tested by delays on equivalence

European parliament urges commission to act

EU flag

Internal model firms may delay their model applications to national supervisors as they continue to await a clear signal from the European Commission on the equivalence status of non-European Union countries.

The Solvency II Directive offers scope for the commission to designate certain countries' regulatory systems equivalent to EU standards for the purposes of calculating group solvency requirements and eligible own funds. These countries will be assessed for equivalence through criteria laid

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: