US Regulation - New York Insurance Department to adopt FSA-style regulatory model
The pace of reform of America's state-level insurance supervisory framework is set to quicken with a move by New York's insurance regulator to adopt a UK-style system. Created in November 2007 by state governor Eliot Spitzer, the so-called Blue Ribbon Commission on Financial Services Regulatory Reform was given a mandate to modernise New York's regulatory framework amid fears that financial services businesses were increasingly gravitating to Europe.
Appointed by New York insurance superintendent
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