The Financial Services Authority (FSA) has widely publicised its plans for the implementation of the Reinsurance Directive (RID) claiming that its approach will enhance the competitiveness of the UK reinsurance industry. The FSA has made plain that it wants to facilitate insurance securitisations, supporting the market, not restricting.
We summarise the FSA’s proposals (now formalised in CP06/12) and look at whether, based on discussion at a recent PwC roundtable on insurance securitisation, they are capable of meeting the FSA’s aims.
We also highlight other key aspects of CP06/12.
Publications Search Page
