Investors are misunderstanding the role of the solvency capital requirement (SCR), part of the impending Solvency II regime, according to European Insurance and Occupational Pensions Authority (Eiopa) chairman Gabriel Bernardino, while insurers are guilty of adding to the confusion.
Analysts are making arguments "as if a company that had a solvency ratio of 100% would be insolvent", he said, speaking at the Conference of Global Insurance Supervision in Frankfurt on September 8. "That is
- Brexit novations ‘on hold’ to gain reg relief
- Banks hope final FRTB rules will ease NMRF burden
- Functional programming reaches for stardom in finance
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines