global insurance supervision, illiquidity premium criticized, standard model, banks v insurers on bonds II
Tottering toward global insurance supervision
A lack of consistency in global regulation is costing the insurance industry an extra $25 billion a year. The FT reports that the figure, calculated by KPMG, highlights the differences in international regulation between the banking and insurance; there is no Basel III equivalent in the insurance industry.![IAIS 2011 18th Annual Conference Korea-Seoul](https://solvencyiiwire.files.wordpress.com/2011/03/iais-2011-18th-annual-conference-korea-seoul1.jpg)
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