Firebreaks and stable doors
The UK's successor structure to the FSA aims to safeguard against future crises by taking a more interventionalist stance
Regulatory reform keeps getting on to lists of the biggest challenges for the financial sector. Generally it’s fairly near the top – the sheer volume of regulatory change hitting the sector hasn’t slackened, with the implementation of the US Dodd-Frank Act and the revised Basel capital rules only the most obvious items on the list.
This month we’re looking at the counterpart rules for the insurance industry – Solvency II, designed to bring improved capital management and better awareness of
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