US Solvency II position anticipated by year-end – NAIC
Efforts to establish a 'mutual understanding' of US and European regulatory systems progressing well, says NAIC chief
The chief executive of the National Association of Insurance Commissioners (NAIC) hopes to reach an agreement with Europe by the end of the year on whether the US regulatory system will be equivalent to Solvency II.
Discussions between representatives of US and European regulators aimed at establishing a “mutual understanding” of the regulatory regimes were progressing well, according to Terri Vaughan.
“The objective here is to identify through the course of the year what our similarities are
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