In early May, the CBI published industry-wide 'Dear CEO' correspondence on (a) Forward Looking Assessment of Own Risk (FLAOR) and (b) Solvency II reporting.  Following its review of 2015 FLAOR reports, the CBI has provided guidance on recurring issues including (a) assessment of overall solvency needs, (b) continuous compliance with regulatory capital requirements, (c) size, structure and content of the report, and (d) timing.   Areas for improvement identified include assessing the impact of future material changes in risk profile on capital or own funds; and shortening the period between data becoming available and the Board's consideration of it. The CBI also emphasised the importance of data quality/plausibility in reports submitted to it (and confirmed that it will be performing checks in this regard).