“Ireland-Financial-Services” can support companies in their preparation for the implementation of Solvency II.
With the publication by EIOPA of its Guidelines to National Competent Authorities on Preparing for Solvency II on 31 October 2013 and subsequent publication by the Central Bank of Ireland of its guidelines on Preparing for Solvency II, on 4 November 2013, a renewed stimulus is required by companies to prepare for the full implementation of the Solvency II regime as anticipated on 1 January 2016, during the interim transitional period.
“Ireland-Financial-Services” can support companies in the preparation for the implementation of Solvency II by undertaking studies of the organisations state of readiness for that implementation.
Additionally at “Ireland-Financial-Services”, we can undertake a gap analysis and recommend steps to be taken for that organisation to satisfactorily meet its obligations, as they are currently known, ahead of 1 January 2016 with particular reference to the immediate areas seeking address as referenced by EIOPA and the Central Bank of Ireland, as follows;
It is essential to note that in this interim period preparing for 1 January 2016, the Central Bank of Ireland is not required to take supervisory action in cases were measures are not to Solvency II standards and the matters addressed should be undertaken with a reference of proportionality to the undertakings operations, size and as befitting their risk profile according to the Central Bank of Ireland, particularly to the satisfaction of respective boards.
Picture top left, Westhafen Tower, Frankfurt-am-Main, Headquarters of EIOPA