Don’t bank on Solvency II going away anytime soon

It has become a bit of a guessing game trying to figure out why the UK population voted for Brexit: was it immigration, money, sovereignty? 

However, there is anotheraid1947220-728px-get-rid-of-annoying-people-step-1-version-3 meme that has always appeared in the UK’s wrangles with Europe and that is the issue of what people like to call “red tape.”

The view goes that outside the European Union (EU), the UK will be able to jettison many of the rules that it has found inconvenient.

There’s no doubt that many, even those who did not support the Leave campaign, would not weep to see the back of some of the more overbearing EU financial regulations.

Continue Reading “Don’t bank on Solvency II going away anytime soon” at the Actuarial Post

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