The Supervision of European Insurance Groups
The regulation of cross-border and cross-sector financial activities is currently facing several issues and challenges, most of which are the result of the lack of a thorough cross-national harmonisation of business and supervisory practices. The European legislator is expending substantial energy on its forthcoming Solvency 2 framework which, despite its scheduled implementation in 2012, is still struggling to achieve a standard approach for the financial requirements, supervisory review process and market conduct of European insurers and reinsurers.
KeywordsBanking Sector International Financial Reporting Standard Insurance Group Capital Adequacy Diversification Benefit
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