Bernardino calls for strong capital principles in global insurance framework
Consistency needed to ensure level playing field, argues Eiopa chairman
International standards for supervising global insurance groups should contain strong principles for calculating capital requirements in order to ensure greater consistency between regulatory regimes, Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa), has urged.
Speaking at a conference on global insurance supervision, Bernardino said that ComFrame, the common framework for the supervision of internationally active insurance groups, should
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