US omitted from first wave of equivalence discussions

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The Committee of European Insurance and Pension Supervisors (Ceiops) has omitted the US from the first-wave equivalence negotiations, arguing its state-based regulatory structure means it "would not currently seem appropriate".

Consultation paper (CP) 81 sets out the framework for equivalence discussions – where third-party regulatory regimes are regarded as on par with Solvency II – and includes Bermuda, Switzerland and Japan (reinsurance only) in the first wave of negotiations.

In the US

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