Solvency II DTA rules “unimaginable” – CRO Forum
Solvency II DTA rules “unimaginable” – CRO Forum
Not giving full credit for deferred tax assets (DTAs) in firms' capital as currently decreed under Solvency II is "unimaginable", according to industry body the Chief Risk Officer's (CRO) Forum.
The lobby group criticised the measures in Solvency II as out of line with the economic approach of the directive, and likely to lead to a pro-cyclical solvency regime in its report, Treatment of Deferred Tax Assets.
"The CRO Forum's key position is that in the financial crisis, approximately 95% 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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Solvency II
7 days in 60 seconds
Covid bank tests, swap fix deferred and SOFR switch
The week on Risk.net, October 17-23, 2020
Receive this by email