Economic Balance Sheet

Economic Balance Sheet

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.

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Bermuda

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.

© 2017 KPMG, a group of Bermuda limited liability companies which are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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