UK Minister hails Solvency II

Lewis was speaking at the Life & Pensions insurance risk conference in December, where he highlighted what the Treasury saw as the five main trends in global economy that were changing the financial services landscape, and that provided the catalyst for reform of the regulatory framework.

The growth in emerging economies, tougher global competition and the increasing rewards from innovation, demographic change and the liberalisation of financial markets, were all "driving structural changes in

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