- Compromise for long-term products appears to be palatable (to the ABI's working group at least). Final proposals in their 'package deal' will be discussed tomorrow at the Commission's Solvency II experts group
- Clear "that some of the Level 3 guidance will not be available, nor imminent by go-live date
- This will require regulators to "cede some autonomy" to the industry over implementation techniques
- Asking for 1 year grace period between presentation of Implementing Technical Standards and actual application (indeed the ABI seems a little anxious on developments in this area)
- Nice piece on justifying their approach on contract boundaries
- Some good schematics on legislative timelines and Implementing Technical Standards due dates
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.
Tuesday, 21 June 2011
ABI Solvency II Newsletter for June - clear words (and nice pictures!)
The ABI have pushed out their June industry newsletter, and it's a beauty. Highlights;
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