Basel II principles can fit insurers, UK regulator says

Insurance companies are different from banks, but the “conceptual framework” of the risk-based Basel II bank capital adequacy Accord can fit insurers, said UK Financial Services Authority (FSA) chairman Howard Davies. He was replying to reporters’ questions after the FSA’s annual meeting in London today.

The three-pillar structure of the Basel II Accord involving capital charges, close supervision by regulators and greater disclosure of a firm’s risk management policies, will be reflected in

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