Transitional Arrangements

Allocating TMTP TMTP derived at legal entity level.  However legal entity needs to be split if ring fenced funds (e.g. with profits) into ring fenced and non ring fenced parts.  not sure why..  how does tmtp differ for ring fenced funds?   Allocation of TMTP between risk margin and BEL:      

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Portfolio Theory

Contents Add a header to begin generating the table of contents What is Mean Variance Portfolio Theory a.k.a. Modern Portfolio Theory MVPT is a mathematical framework for assembling a portfolio of assets that maximises return for a given level of risk.[1]https://en.wikipedia.org/wiki/Modern_portfolio_theory Its key tenets are[2]https://en.wikipedia.org/wiki/Modern_portfolio_theory: owning different kinds of financial assets is less risky than…

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