The Central Bank has published its presentation to the Society of Actuaries' Solvency II Forum held on 17 June 2015.  The presentation addressed solvency capital requirement (SCR) calculations, the own risk and solvency assessment (ORSA) process and volatility adjustments.  Key points highlighted include consistency of SCR calculations with technical provisions, consistency between risk modules, data considerations and treatment of deferred tax.  Interestingly, the Central Bank noted a lack of Board ownership/discussion regarding ORSA, and provided guidance on the process for applying to the Central Bank for approval to use the volatility adjustment.