Scrap 'misconceived' Solvency II regulations

In 2008 the United Kingdom's Treasury department, writing about the potential 'benefits' of Solvency II, said: "Solvency II is based on a three-pillar approach used in the Basel II banking accord." This was at the height of the banking crisis and came without any apparent recognition of the failure of regulation in that crisis. This is hardly the best recommendation for Solvency II.

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Source: http://www.iea.org.uk/blog/scrap-misconceived-solvency-ii-regulations

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