But 10% of insurers would fail capital test under sever economic downturn
But finance director describes the standard formula calibration as "nonsense" and fears it could be used to benchmark internal model outputs
Eiopa task force has reached agreement on calibration, says Lloyd's general counsel
Despite Council's proposal to delay implementation by one year
Delays to key elements of the regime's framework mean firms will not know many of the final rules until after the implementation date. Lorna Davies reports.
XBRL will also be used by Bermuda and China
By Reuters News
Eiopa's latest wave of stress tests has sparked controversy. With critics questioning the worth of the exercise, Lorna Davies asks what value they can bring.
New draft of Omnibus II pushes back draft implementing technical standards, KPMG warns
Eiopa set for on-site review of BMA's enhanced regime