The FSA has published a speech given by Sarah Wilson (Director Retail Firms Division, FSA) entitled Solvency 2. In her speech Mrs Wilson discusses:
- The FSA’s high level objectives for the Solvency 2 project.
- The progress made on these high level objectives.
- CEIOPS third quantitative impact study (QIS3).
- The implementation challenges that Solvency 2 presents to large and small firms.
- Internal Models.
- Standard approach.
Looking to the future Mrs Wilson advises that firms need to start preparing for the implementation of Solvency 2.