Fitch: US will get Solvency II equivalence

01 November 2011

The regulatory regime in the US is likely to be deemed equivalent to the Solvency II requirements by the EU because of its long-standing use of risk-based capital requirements, according to Fitch.

The ratings agency said that because of the US regulator's long-standing use of a risk-based solvency regime, it should be recognised as giving equivalent protection to policyholders despite the fundamental differences with the new system being implemented in Europe.

Full article (subscription needed)