Solvency II poses cross-border problems
LONDON - Questions regarding the proposed European Union directive Solvency II have shifted towards how to supervise cross-border groups within the insurance industry.
At the Association of British Insurers (ABI) conference held in London on June 10, it became clear that many national regulators - specifically those in central and eastern Europe - fear losing influence over the supervision of insurance subsidiaries, and worry that parent companies and their national supervisors, might strip
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