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Global capital standard may require ‘adjustments’ to national supervisory regimes

European regulators prepared to reopen Solvency II to comply with future international quantitative standard

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The global insurance capital standard (ICS) currently under development is likely to be the first of several attempts by international supervisors to create a harmonised solvency system and may compel national regulators to change their domestic regimes, the Institute of International Finance predicts.

The International Association of Insurance Supervisors (IAIS) is working on a harmonised regime

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