EU insurance regulation examined by Committee
25 January 2017
The Treasury Committee examines the Solvency II Directive with insurance and financial services providers.
Wednesday 25 January 2017, Wilson Room, Portcullis House
- Nigel Wilson, Chief Executive Officer, Legal & General
- Huw Evans, Director General, ABI
- John Parry, Head of Finance, Lloyd's of London
- Julian Adams, Group Regulatory Director, Prudential
Opportunity for greater control
Commenting on the inquiry, Rt Hon Andrew Tyrie MP, Chairman of the Treasury Committee, said:
"Brexit provides an opportunity for the UK to assume greater control of insurance regulation.
The Solvency II Directive came into force in January , only after a heap of concerns had been expressed about it. Among its manifest shortcomings was the failure to secure value for money over its implementation.
The Treasury Committee will now take a look at the Brexit inheritance on insurance to see what improvements can be made in the interests of the consumer."
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