The Presidency Working Party on Solvency II issued its progress report, outlining the open (and substantial) issues on which a compromise still has to be found.
The Presidency Working Party on Solvency II issued its progress report and outlining the open issues on which a compromise still has to be found.
The provisions regarding participations, surplus funds, treatment of equity risk, and MCR seem to be the key articles, but not necessarily the only ones, where the disagreements are still substantial with regard to Pillar 1 issues.
On group support and supervision key articles seem to be authorisation to enter group support, capital add-on, coverage of the Solvency Capital Requirement, monitoring the SCR and the group supervisor.
© Graham Bishop
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Solvency II Progress report.pdf
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