Ceiops: Basel II and Solvency II can diverge on pension issue

gandybridget-fitch

Moves to force banks to account for pension scheme deficits as part of their core Tier I capital will not necessarily be included in Solvency II, despite the recent push for cross-sectoral regulatory consistency, the Committee of European Insurance and Occupational Pensions Supervisors (Ceiops) has said.

The Basel Committee on Banking Supervision, which oversees international banking standards and regulations, issued a consultation paper on the Basel II New Framework in late 2009 as a response t

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