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EU 'likely' to follow UK's lead on Solvency II changes to free up investment capital
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The European Union would likely follow the UK’s lead were it to reform Solvency II rules to free up capital for long-term investments, attendees at the Association of British Insurers’ annual conference have heard.
The government and Prudential Regulation Authority are mulling changes to the framework as it applies in the UK following a consultation that ran from October last year to January.
Though it is a
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