9
Documentation
9.1
In accordance with Insurance Company – Overall Resources and Valuation 2.10 these assessments should be documented so that they can be easily reviewed by the PRA if the PRA chooses to undertake an assessment of the adequacy of the firm's capital resources.
- 20/11/2015
9.2
Where the PRA requests a firm to submit to it a written record of the firm's assessment of the adequacy of its capital resources, the PRA expects firms to be able to make an assessment on its request comparable to a 99.5% confidence level over a one year timeframe that the value of assets exceeds the value of liabilities. Firms may choose to base any regular assessment on an alternative confidence level.
- 20/11/2015