Category Archives: Regulatory

Aiming for Minimum

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Working within the financial sector for the last eight years has meant that I have been involved in a number of projects dealing with regulatory imperatives. Something that has always infuriated me is the desire for many organisations to deliver only the minimum necessary to achieve compliance. Don’t get me wrong I understand the dangers associated with aspirational plans and the over-engineering of ‘gold-plated’ IT developments, but the desire for minimum can be even more dangerous. Continue reading →

Solvency 2 – FSA Data Quality Expectations

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Back in February the FSA published their Internal Models Approval Process (IMAP) Thematic review findings, a paper that brought together their collective findings after a period of discussion and probing of a number of insurance firms. The intention of this paper was to use the information to help identify the better practices being employed by firms, to help the FSA better understand the areas discussed and to give firms some much needed gen into the FSA’s thinking as they approach the pre-application phase of the IMAP.
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