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" The primary objective of the MNB shall be to achieve and maintain price stability. Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the financial intermediary system, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the economic policy of the government using the instruments at its disposal. "
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EIOPA publishes the outcome of the public consultation on the ORSA

  • The report focuses on what is to be achieved by the ORSA rather than on how it is to be performed

  • Proportionality is a key feature of the ORSA

  • Insurers’ Boards should take an active part in the ORSA, including steering on how the assessment is to be performed and challenging its results

  • Insurer’s assessment of the overall solvency needs should be forward"looking

The whole text can be read at the link below:

https://eiopa.europa.eu/fileadmin/tx_dam/files/pressreleases/2012-07-12_ORSA.pdf

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