ABI thumbs up to capital adequacy review

The document, ICAS: one year on, suggests that Individual Capital Adequacy Standards (ICAS) are being met in general, but that there are still problems measuring minimums required. For example, the FSA states that most of the figures it suggests to companies, so called Individual Capital Guidance (ICG) numbers, are mostly higher than the ICA numbers calculated by firms themselves and submitted to the FSA as part of the regulatory process. ”Our ICG does of course reflect wider regulatory judgements on the firm as well as our review of the ICA,” the document states. The ABI says the ...