Society responds to consultation on Economic Scenario Generators and Market Consistency

The Society of Actuaries in Ireland has responded to the Central Bank of Ireland’s Discussion Paper  on “Economic Scenario Generators and Market Consistency”.

The Society recognises the difficulties involved with calibrating market-consistent economic-scenario generators in the absence of deep and liquid markets, and we welcome the Central Bank's initiation of a discussion on this topic.

Read the Discussion Paper here

Read the Society's response here