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.