PensionsEurope publishes position paper on EIOPA's IORP Stress Test 2015

In the paper, published on 29 February 2016, PensionsEurope show that the holistic balance sheet (HBS) methodology does not work. Therefore, EIOPA should not continue to work on the HBS model or any other similar ‘Common Methodology’ as a harmonised solvency framework. Rather, it should propose principles-based guidelines only, which can then be considered and adopted where appropriate by national competent authorities of the relevant countries. 

You can also find our press release here.