Solvency II represents a great challenge for the European Insurance Market, in the laborious approach of creating a unitary framework, based on uniform supervising standards, adjusted to the complex risks which the financial system meets. Domestic models of determining the capital demands offer...

The need for effective supervision of capital markets is becoming all the more evident in the aftermath of the recent LIBOR and rate rigging scandals. Financial regulators or indeed bank regulators cannot perform such a function effectively without the involvement of auditors in the supervisory...