Eiopa doubles threshold to EUR12bn for SII stability regime
The European Insurance and Occupation Pensions Authority (Eiopa)
has raised the bar for (re)insurers that need to report under its
financial stability mandate to firms with EUR12bn of assets on
their Solvency II balance sheet.
Previously the additional reporting requirements would have applied
to all carriers with assets over EUR6bn, but the supervisor
responded to criticism from stakeholders in the industry that said
the proposed EUR6bn threshold was too low.
However, the rules will still apply to a minimum of...
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