FSA issues "hard" capital adequacy statement in wake of RSA comments
The Financial Services Authority has today published a statement following comments made by Royal & Sun Alliance in its interim results published yesterday morning, confirming it will introduce what it calls a hard capital adequacy test.
The FSA statement said:"In our policy statement PS04/20 issued on 21July we explained that we would be considering further the issue of a "hard" capital adequacy test for groupsheaded by an insurance
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