Government to investigate Solvency II
Treasury Committee sets terms for Solvency II inquiry as government says Brexit could be a chance for UK to assume greater control of insurance regulation.
The government's Treasury committee is set to investigate Solvency II regulations in the wake of the Brexit vote.
Commenting on the inquiry, Andrew Tyrie MP, chairman of the Treasury Committee, said: "Brexit provides an opportunity for the UK to assume greater control of insurance regulation.
"The Solvency II Directive came into force in January, only after a heap of concerns had been expressed about it. Among its manifest shortcomings was the failure to secure value for money over its
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