Volatility adjustment approval process could disadvantage UK firms
Proposals to make the Solvency II volatility adjustment subject to pre-approval by the Prudential Regulation Authority could put UK firms at a competitive disadvantage, according to EY’s head of insurance regulation and risk Martin Bradley.
Bradley was speaking ahead of the conclusion tomorrow of the government's consultation on Solvency II implementation, which includes the proposal to make the volatility adjustment subject to pre
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