Shifting Gears For The New Regime - The Role Of Risk Governance In Solvency II, October 2009.
Mondaq Business Briefing › Nbr. 2009, January 2009
Linked as:
Extract
Shifting Gears For The New Regime - The Role Of Risk Governance In Solvency II, October 2009.
Governance is one of the most prominent features on the regulatory landscape for insurers. Intensive scrutiny over governance arrangements will be a characteristic of the FSA's supervisory approach as announced in the Turner Review in early 2009. The Walker Review proposals for governance arrangements within UK banks and other financial industry entities (including insurers) set out the scale of structural and cultural changes required to reach best practice. But an equally compelling motive for insurers to reassess their systems of governance is that it forms an integral part of the Solvency II regime.
Although a number of existing governance regulations currently impact insurers, such as those within the FSA handbook and the Companies Act 2006, Solvency II will catalyse a re-examination of whether insurers' governance models are fit for purpose. Embraci...See the full content of this document
Sponsored links
