Consultancy demands FSA clarify solvency stance
Charl Cronje, an insurance partner at consultants Lane Clark and Peacock, has today warned that UK regulator the Financial Services Authority's tough statements about the future of financial services regulation run the risk of causing insurers to delay their Solvency II preparations.
He said: "Increasingly, Adair Turner's comments suggest a desire for the rules of financial services regulation to be substantially re-written. The Basel II banking solvency rules also face particular
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