The Package of measures to avoid artificial volatility and pro-cyclicality : explanation of the measures and the need to include them in the Solvency II framework

<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-8.xsd">
<mods version="3.8">
<titleInfo>
<nonSort xml:space="preserve">The  </nonSort>
<title>Package of measures to avoid artificial volatility and pro-cyclicality</title>
<subTitle>: explanation of the measures and the need to include them in the Solvency II framework</subTitle>
</titleInfo>
<name type="corporate" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20120012608">
<namePart>Insurance Europe</namePart>
<nameIdentifier>MAPA20120012608</nameIdentifier>
</name>
<typeOfResource>text</typeOfResource>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">bel</placeTerm>
</place>
<issuance>monographic</issuance>
<place>
<placeTerm type="text">Brussels</placeTerm>
</place>
<publisher>Insurance Europe</publisher>
<dateIssued>2013</dateIssued>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
</physicalDescription>
<abstract displayLabel="Summary">A Working Group on Long-Term Guarantees, set up by the European Commission in 2011, developed a package of measures comprising three key elements, each of which plays a crucial role in preventing artificial volatility and pro-cyclicality: 1. Counter-cyclical premium; 2. Matching adjustment; 3. Extrapolation methodology -- It is imperative that all these measures are included and implemented appropriately within the Solvency II framework</abstract>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080564254">
<topic>Solvencia II</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586317">
<topic>Mercado de valores</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080584351">
<topic>Control de seguros</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080608804">
<topic>Supervisión de seguros</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080544539">
<topic>Medidas</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080582418">
<topic>Riesgo financiero</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080640255">
<geographic>Unión Europea</geographic>
</subject>
<classification authority="">222</classification>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">130304</recordCreationDate>
<recordChangeDate encoding="iso8601">20130304140132.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20130007601</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>