The FSA has today published its consultation paper 195 - Enhanced capital requirements and individu...
The FSA has today published its consultation paper 195 – Enhanced capital requirements and individual capital assessments for life insurers - setting out proposals for more flexible calculations of "mathematical reserves" and suggesting more self-assessment of capital needs. The changes would be effected by altering rules in the integrated prudential sourcebook (PSB), which provides guidance on provisioning for liabilities and capital requirements. Although changes to capital adequacy rules have been discussed for some time, it was only with the forced selling of equities from...
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