- 4 sub-modules still clearly miles away, and advice required immediately
- Happy to simplify (over-complexity now referred to as a "fact", but Commission will not accept a laundry list from EIOPA
- Proportionality guidance only to be issued at Level 3, and EIOPA are in charge
- Clearly worried (and rightly so) that guaranteed products are about to become like hen's teeth, so EIOPA are already on the case
- EIOPAs voluntary work on EPIFP is not especially welcome, needs to hurry up just to get on the table, and EPIFP will be Tier 1 regardless
An online repository for Solvency II, ERM and Corporate Governance material and comment from the Principal of Governance Matters, an independent Risk Consultancy firm based on the Isle of Man.
Thursday, 14 April 2011
Commission open letter to EIOPA - Salon de dernier chance?
So off the back of QIS5 the Commission have asked for the last efforts from EIOPA, some by request, and seemingly some at the point of a gun. My read was;
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