The European Commission's proposal of a new Solvency II legislation are impacting how we in the United States view our insurance regulatory structure, US-Treasury Assistant Secretary David Nason said before the City of London Corporation. “The NAIC is currently considering updates to the U.S. risk-based capital and re-insurance policies”, he said. “Our working assumption is that in this new globalized marketplace, we are engaged in a race-to-the-top, to achieve the optimal regulatory structure for the financial services industry.”
Asst Sec Nason Remarks on Redesigning U.S. Financial Regulation
© Graham Bishop
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