EU Regulators Strike More Strident Tone on Reform

Woolfe, Jeremy
June 2009
Compliance Week;Jun2009, Vol. 6 Issue 65, p64
The article reports that the financial regulators of the European Union (EU) are demanding a strict regulatory policy in response to the global financial crisis 2008. As cited, the EU discussed the Solvency II framework which alongwith Capital Requirement Directive will provide financial regulators over Europe powers to govern insurers and impose capital-reserve requirements. As , EU wants to see the International Accounting Standards Board (IASB) funded with money from taxpayers of EU.


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