French accept cost of capital in return for asset limits
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has announced that it will be the cost of capital - not the percentile - approach that will be used in the new Solvency II framework, despite earlier concerns from the French regulator, Autorite de Controle des Assurances et des Mutuelles (ACAM), that the former methodology would not be prudent enough.
Agreement was only possible following the proposed introduction of certain asset limits on concentration and
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