Eiopa 'doesn't care' about solvency req
Thursday 8 December 2011 - by Nicola.York@gfnews.com
Speaking at an Association of British Insurers conference on Thursday, European Insurance and Occupational Pensions Authority executive director Carlos Montalvo Rebuelta said that Eiopa's work in 2012 would continue to focus on the minimum capital requirement rather than the SCR.
She said: "I would have thought it was quite important to have a solvency capital requirement."
Chairing the debate, Standard Life chief financial officer Jackie Hunt said: "The MCR was always the base level and the SCR was always the buffer."
While CEA director general Michaela Koller remarked: "It was always meant to be a soft target. You have your minimum requirements and then way above this, you have the SCR."
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