Clash of rules threatens to split Swedish insurers

Firms will face difficult choices when joint insurance-pensions regime ends

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“No servant can serve two masters,” goes the biblical maxim. Yet in the financial sector it seems perfectly legitimate for institutions to be regulated according to two, three, or even more prudential regimes. In Sweden, the unique characteristics of the retirement benefits market is causing problems for domestic policy-makers who are currently embroiled in a messy negotiation over how its occupational pensions sector should be supervised. If not handled delicately, this has the potential to tra