BoE to name UK insurers that can use models to calculate capital

December 3, 2015 11:13 AM

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LONDON Dec 3 The Bank of England will tell Britain's insurers on Saturday whether the models they use under new European Union rules to calculate their capital requirements have been approved.

The "Solvency II" rules allow insurers to use in-house models from January to determine how much capital they must hold to cover policyholder commitments.

Also read: RBS Fails Toughest-Ever BOE Stress Test, Boosts Capital Plan

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