Retail insurance set for further regulation says EU Commissioner
Charlie McCreevy, EU Commissioner for the internal market and services, has attempted to reassure the continent's insurers that no further tidal-waves of regulation were to be expected. He told a delegation of industry association representatives that “the leitmotifs in future will be implementation and consolidation”. However, he outlined asset management and retail insurance as two new possible areas of legislation.
Mr McCreevy acknowledged the Comite Europeen des Assurance’s technical input on Solvency II, the Commission’s “main work in progress in the insurance area”.David Strachan, insurance sector leader at
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