Risk transfer to insurers could threaten Basel II, warns UK central banker
Financial stability and financial efficiency could be undermined if the new Basel II capital adequacy rules proposed for banks are simply "arbitraged away" by the transferral of banking risks to insurers, according to a senior UK central banker.
Clementi said he would welcome being put on the international agenda the question of whether the trend towards risk-based regulation of banks exemplified by Basel II needed mirroring in non-life insurance regulation in
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