France to require full Orsa as it rejects Solvency II interim measures on governance

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France's insurance supervisor says it will not be complying with the interim guidelines on systems of governance during Solvency II's two-year preparatory phase, but the Autorité de Contrôle Prudentiel et de Resolution (ACPR) will ramp up pressure on firms to be compliant by 2016 and is requesting more demanding calculations for an own risk and solvency assessment (Orsa) than other member states.

The decision to depart from the preparatory measures set out by the European Insurance and

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