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CEIOPS Statement: CEIOPS submits to the European Commission its final advice on Solvency II level 2 implementing measures

( November 10, 2009, 22:46 GMT | Official Statement) -- Extract: CEIOPS’ final advice covers a number of critical matters, such as the valuation of assets and liabilities, the treatment of SPVs, the approval process of internal models, the choice of the risk-free rate for discounting technical provisions, the classification and eligibility of own funds, capital add-ons, reporting and disclosure, remuneration and group solvency, to name just a few.Following approval by its Members on 30 October 2009, CEIOPS is delivering today its final advice on the vast majority of Solvency II Level 2 Implementing Measures (as requested by the European Commission in its letter of 12 June 2009)....

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