Law360, London (April 28, 2017, 6:22 PM BST) -- The U.K. Prudential Regulation Authority directed insurers on Friday on how to minimize their exposure to tough new capital requirements being phased in under the European Union’s controversial Solvency II rulebook.
The regulator directed firms on how to keep their capital requirements down during bridging arrangements for the EU’s formidable capital rulebook for insurers, which officially came into force in January 2016.
Without a transitional arrangement to cushion them from new risk margins, insurers could face increased liabilities and therefore have to amass bigger capital reserves. The regime's risk margins force firms to hold additional capital against long-term business such as...
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