Non-execs do not understand consequences of Solvency II reporting, FSA warns


Non-executive directors (Neds) do not fully understand the impact of the regulatory reporting requirements of Solvency II, Victoria Raffe, head of prudential insurance policy at the Financial Services Authority (FSA), has warned.

Speaking at Life & Pension Risk's Solvency II conference in London yesterday, Raffe said Neds remained preoccupied with concerns over the costs and process of Solvency II implementation but failed to consider the scale of the behavioural change resulting from the new

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

If you already have an account, please sign in here.


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: