Risk-Based Capital framework - Implementation?

This morning the newspaper reported that the risk-based capital (RBC) framework will be implemented come 1st Jan next year. However just two days ago the Central Bank raised a circular to all insurers requesting for comment in respect of its intended implementation; whether the industry intends to proceed given the current bad economic position the world markets are going through. I supposed the Bank may have secured enough reply for the go ahead......

For some information or write up in respect of Malaysian Risk-based Capital from the perspectives of the non-life underwriters, please visit: http://malaysianinsurance.com/RBC/RBC.html