Insurers called to action in global regulatory debate
Bosses at KPMG have urged insurers to move the global regulatory debate forward after stating that it is inevitable that some insurers will be classified as systemically important financial institutions.
Jon Pain, co-head of KPMG's European Regulatory Centre of Excellence, said: "Insurers shouldn't continue to believe they are immune from the SIFI debate and must accept that systemically important
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