European asset managers need to engage with Solvency II

Solvency II – which overhauls the capital and risk management regulatory framework for European insurers – should not be viewed as an ‘insurance-only issue’ as data provided to insurers from third parties, including asset managers, will also be held to the same strict quality standards, highlights the report.   The report, commissioned by EFAMA to highlight the key impacts the Directive’s data management and delivery requirements will have on the asset management industry, draws on feedback from a working group of industry executives led by KPMG and Aviva Investors.   Key challenges fac...