Confusion over Solvency II as FSA revises model plans
Solvency II experts have voiced concerns over the uncertainty surrounding the incoming European Union legislation, after the Financial Services Authority revealed revised plans for its handling of internal model applications.
The response follows FSA director of insurance Julian Adams' announcement that a two-tier system — placing scrutiny on high-impact, "top 10" insurers and Lloyd's firms — would be followed in the run
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