Insurance companies - On the road to Basel III

UK insurance companies now standing on the sidelines as bankers wrestle with the complexities of the proposed Basel II bank capital accord won’t have to wait too long to enjoy the pleasures of risk-based regulation.

Supervisors with the Financial Services Authority (FSA), the UK’s principal financial watchdog, have insurance companies in their sights.

Paul Sharma, the FSA’s head of operational, insurance and group risk, says the agency’s ultimate aim is to harmonise the regulation of all financial

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