KPMG unsurprised by US omission in Solvency II project
KPMG has welcomed Ceiops draft advice (Consultation Paper 81), published yesterday, on which jurisdictions’ regulatory regimes are to be considered within the first wave of Solvency II equivalence assessments.
Ceiops proposes that, for the first wave of assessment for equivalence with Solvency II, Switzerland and Bermuda will be considered against each of the three equivalence assessment areas set out in
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