Supervisors there are used to pouring over line by line asset templates to measure the rise and fall of intragroup group financing or repos, and to plot the unrealised capital gains or losses by asset classes. Solvency II’s greatest gift to insurance supervision in Ireland is the provision of detailed, standardised reporting templates.
The business cycle was also out of line with Germany as well as the entire euro area. The business cycle in itself and the deviation to the German business cycle cannot be explained by exogenous external factors. Firstly, the demand for Danish exports did not deviate from the trend to an extent that can explain the cyclical swings in the period under observation.