RECENT POLICY DISCUSSIONS
Cumberland Lodge Financial Services Summit
Windsor Great Park
Thursday 3 to Friday 4 November 2022
European Financial Forum's 2022 Cumberland Lodge Annual Financial Services Summit was be held on Thursday 3 to Friday 4 November 2022. The summit was on the theme of Financial Services in the Digital Age.
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SOLVENCY II REFORM
THE INFRASTRUCTURE FORUM'S INVESTMENT WORKING GROUP
It is hard to underestimate the requirement for long-term investment in infrastructure, including energy transition and other net-zero directed assets, over the next 20-30 years. Accordingly, there is a clear opportunity as well as need for insurance companies to increase substantially their contribution to these sectors.
In the Forum's submission to the HM Treasury consultation on Solvency II reform, it is stated that as presented, the reforms would not incentivise an increased flow of long-term capital from insurance companies into the infrastructure sector, particularly in relation to the way that the matching adjustment is proposed to be reduced for assets with a wider premium for illiquidity.
The European Financial Forum brings together policymakers, regulators and market participants in constructive dialogue.
It holds frequent special roundtables on topical issues, which allow a fruitful exchange of confidential analysis, perspective and policy ideas.