Welcome to 'Getting to grips with Pillar 3'.
Drawing on our wide-ranging work with clients and discussions with
supervisors and other relevant bodies, the paper looks at how to
tackle the key strategic and implementation issues emanating from
the Solvency II reporting and disclosure requirements.
The implementation section, 'Bringing reporting up to
scratch', examines the practical considerations for complying
with the demands of Pillar 3. Pillar 3 will require your business
to report more information (in a structured, electronic format)
more quickly and with much greater scrutiny than ever before. But
there will also be opportunities to use the required investment to
improve the quality, reliability and timeliness of management
information. Many businesses will be looking to realise these
benefits ahead of the compliance deadline.
