Regulation | On the road to Basel III

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Insurance companies watching from the sidelines as banks wrestle with the complexities of the controversial Basel II capital Accord may catch a glimpse of their own future. Financial regulators are already discussing how to apply common risk-based rules to non-bank financial institutions, and they are targeting the insurance sector first.

Supervisors at the UK’s Financial Services Authority (FSA), the country’s principal financial watchdog, are looking to harmonise the regulation of all

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