Snowball concern for UK over FSA plans
Patrick Snowball, group executive director of Aviva, has spoken out against the Financial Services A...
Patrick Snowball, group executive director of Aviva, has spoken out against the Financial Services Authority's proposed plans for insurer capital requirements.
Snowball said: "Capital adequacy is one of the most important issues in the general insurance industry at the moment but a level playing field is not being applied across the European Union.
"The FSA is managing to tip the balance against the UK and if the FSA implements the rules it is currently considering, the UK will be at a
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