Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018
EC regulatory reforms to ‘level Solvency II playing field’
- 26 September 2017
UK carriers looking to establish EU subsidiaries for Brexit face less room for manoeuvre after the European Commission (EC) issued plans to bolster the bloc's financial regulators at the expense of national watchdogs.
The EC's proposals would give the European Insurance and Occupational Pensions Authority (Eiopa) greater powers to promote "convergence" among national insurance regulators in the way they supervise internal models under Solvency II.
Eiopa and the other so-called European Supervisory Authorities (ESAs) would set EU-wide priorities for their...
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