As part of BMA's final push to gain Solvency II equivalence, it has released guidance to the market for the implementation of Bermuda’s EBS framework.
As part of the Bermuda Monetary Authority’s (BMA) final pushto gain Solvency II equivalence, it has released guidance to themarket for the implementation of Bermuda’s Economic BalanceSheet (EBS) framework.
The assessment of required and availablecapital against an economic view of net assets underpins many of the regulatorychanges that have taken place globally in recent years. In the absence of anysignificant strides by the IASB or FASB tomove accounting standards in this direction, regulators have had no choice but to designtheir own balance sheet framework that theybelieve best represents this economic view.
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