FSA proposes £16bn reduction in insurers' reserves and capital requirements
On 18 September the FSA issued a consultation paper (CP 06/16) which proposes prudential changes for insurers. The CP focuses on proposals affecting life insurers’ reserving and capital requirements, in particular looking at ways of extending ‘economic realism to the prudential regulation of all life insurance firms.
This Bulletin considers the implications of the proposals, dealt with in chapter 2 of the CP, in more detail.
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