CEA, CRO Forum & CFO Forum send joint letter to EC on Solvency II illiquidity premium

The CEA, CRO Forum and CFO Forum have written to the European Commission to comment on the application of the illiquidity premium to liabilities in both the implementing measures for Solvency II and the fifth quantitative impact study (QIS 5). Welcoming the EC’s more granular approach to the application of the illiquidity premium, the paper sets out proposals for criteria to be tested in QIS 5.