UK regulator won’t shoe-horn insurers into banking regime


LONDON -- UK financial supervisors don’t intend to "shoe-horn" insurance companies into a regulatory regime designed for banks, a senior regulator said in March.

Regulator John Tiner acknowledged that some in the insurance industry were worried that in developing risk-based rules for insurers UK supervisors would simply apply the proposed Basle II bank capital adequacy accord to insurance companies. Tiner is managing director in charge of developing insurance regulation at the Financial Services

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