Eiopa’s Bernardino: stress tests are Solvency II trial run
Eiopa’s Bernardino: stress tests are Solvency II trial run
The stress tests planned for European insurance companies later this year are meant as a trial run for new regulatory oversight, not to assess capital levels, according to Gabriel Bernardino, chair of the newly created European Insurance and Occupational Pensions Authority (Eiopa).
Bernardino says the insurance stress tests are fundamentally different to the stress tests carried out by banking regulators in the US and Europe.
"We all know right now that in the banking area the emphasis is to
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