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Comply with current liquidity calculations, UK insurers are reminded

( October 23, 2024, 15:40 GMT | Official Statement) -- MLex Summary: UK insurance companies have been told to continue complying with current calculation for LACDT — the loss-absorbing capacity of deferred taxes — which the Bank of England uses to assess the liquidity position of financial firms. Insurance companies expect to see new rules in mid-November, as the BOE considers making insurance firms obtain permission before including increases in deferred tax assets when calculating LACDT. Meanwhile, the insurance companies have been reminded to comply with the current framework.Statement follows....

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