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Solvency II Directive 2009 (2009/138/EC) is a Directive in European Union law that codifies and harmonises the EU insurance regulation. Primarily this concerns the amount of capital that EU insurance companies must hold to reduce the risk of insolvency .
At the heart of the prudential Solvency II directive, the own risk and solvency assessment (ORSA) is defined as a set of processes constituting a tool for decision-making and strategic analysis. It aims to assess, in a continuous and prospective way, the overall solvency needs related to the specific risk profile of the insurance company.
Borrowing funds often requires the designation of collateral on the part of the recipient of the loan.. Collateral is legally watertight, valuable liquid property [4] that is pledged by the recipient as security on the value of the loan.
The Swiss Solvency Test (SST) is a risk based capital standard for insurance companies in Switzerland, in use since 2006. The SST was developed by the Swiss Federal Office of Private Insurance (FOPI) in cooperation with the Swiss insurance industry.
(Reuters) - Goldman Sachs CEO David Solomon said on Wednesday it was important for the U.S. and China, the world's two largest economic superpowers, to improve their bilateral ties.
The stars could be aligning — two key senators hope at least — when it comes to figuring out the finances for Social Security and Medicare.
It establishes prudential rules for banks, building societies and investment firms introducing requirements for: i) the rules for counterpart risk; ii) liquidity and leverage requirements; iii) quality and quantity of capital; iv) macro-prudential standards; and v) passporting – among other.
However, as Spanberger pointed out, the future solvency of the retirement benefits program is a separate issue to address, and public workers shouldn’t have to bear the brunt of the burden by ...