ABI responds to Solvency II Directive
The Association of British Insurers (ABI) has issued a statement in response to the he Solvency II Directive, which has set a new framework of regulatory requirements for insurers across Europe and has been agreed in Brussels. The directive will adopt new approaches to the valuation of assets and liabilities.
Responding to the finalised Solvency II Directive, Stephen Haddrill, the ABI's director general, said:
"The current financial crisis demonstrates the importance of well based prudential requirements
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