Solvency II paper leaves op risk capital treatment wide open

Brussels -- The EU Commission’s internal market division published a paper in mid-February outlining the scope of the Solvency II project, which will unify insurance industry capital regulation throughout the region. However, the paper says relatively little about how an operational risk capital charge will be handled in the new framework, and calls for further study.

The paper, Note to the IC Solvency Subcommittee: Solvency II--Organisation of work, discussion on pillar I work areas and suggestions for further work on pillar II for CEIOPS (the Committee of European Insurance and Occupational Pensions Supervisors), proposes a Basel II-like structure. Insurers will be able to choose between adopting a EU standard formula for calculating their overall target regulatory capital, or using an internal model. However, the paper -- perhaps with the experiences of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a 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 individual account here