The purpose of the new capital framework will be to relate all the risks that companies assume with the insured and must meet the 99.50% of the worst case scenario that could arise.
Already CEIOPS, the European Committee for regulating the insurance industry, Solvency II through the protocol is working to extend the rules of Basel II in the insurance industry to cover credit risk, market risk and operational. For the banks 'agreement reached last week in Basel at the Bank for, among central bank governors called Basel 3, try to increase significantly the coverage of risks in banks' trading operations.
The level of cover needed will also increase by 9 times the current needs of capital, with consequent need for recapitalization of banks themselves. If similar rules in a few years, insurance companies should extend to the need for recapitalization of the sector would become very large as well as also very expensive.
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