Eling, Martin; Schmeiser, Hato; Schmit, Joan T. - Institut für Versicherungswirtschaft <Sankt Gallen> - 2005
structure was adapted from a three-pillar structure for the banking sec-
tor as found in the “New Basel Capital Accord” (see …, very similar to the banking regulatory framework
called Basel II. By accepting the KPMG recommendation (see European Com …-
mission, 2002b, p. 28), the solvency working group is moving toward conver-
gence of insurance and banking regulatory systems …