Principles-based regulation in action: FSA publishes principles for insurer capital adequacy
The Financial Services Authority (FSA) has today published a set of principles that will help firms determine their capital adequacy under the new principles-based approach to regulation.
In 2004, the FSA introduced the Individual Capital Adequacy Standards (ICAS) regime requiring insurers to make their own calculation of the level of capital they believe is appropriate for the scale
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