Blog: Solvency II and the standard formula SCR: Commission & EIOPA review – next steps

The European Commission has identified Solvency II as “one area where significant improvements could be achieved“, for example, by “simplification” and better “technical consistency“.

So, when it published its Call for Advice in July 2016, the eiopaCommission asked EIOPA to look at the “proportionate and simplified application of the requirements, and removal of unintended inconsistencies“, within the standard formula SCR, and between Solvency II and  the CRR / CRD and EMIR.

The Commission also said that it would look at the possible “removal of unjustified constraints to financing“, especially when it comes to long-term investment, and that it might ask EIOPA for a technical advice on these issues later on.

Continue Reading “Blog: Solvency II and the standard formula SCR: Commission & EIOPA review – next steps” at JD Supra Business Advisor

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