Tuesday, 12 April 2011

Transitional comment

Very nice piece on transitional rules from Insurance ERM (sadly a subscription website now, but you can get a free trial!) The KPMG director quoted draws attention to the fact that there simply isn't enough lobbying time left to do anything but the hard maths (hybrid debt and its tiering in Own Funds and the risk-free rates).

For my money, this means that governance will not be featuring high on anyone's transitional list, and I'm not banking on any leeway at my end!

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