Support for proposal into cross-border trading gains momentum
A discussion paper on the government's proposals to reduce the administrative burden on insurance gr...
A discussion paper on the government's proposals to reduce the administrative burden on insurance groups operating in the European Union (EU) has been launched by the Treasury and the Financial Services Authority (FSA).
The proposals aim to encourage effective group supervision across EU insurers, and ultimately provide better value for consumers. In effect, they represent the UK's contribution to the development of prudential regulation of the EU insurance sector through the Solvency II process
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