UK parliament launches inquiry into EU’s Solvency II rules after Brexit

A powerful committee of UK parliamentarians has launched an inquiry into EU rules for the €8.4trn insurance industry, following the UK’s vote to leave the 28-member bloc.sadsapture

The Treasury Select Committee said on Tuesday it wanted to examine the so-called Solvency II regime, which came into force at the beginning of the year, to see whether the Brexit vote meant that there were “options” for UK insurers, reports Caroline Binham,

“Brexit provides an opportunity for the UK to assume greater control of insurance regulation,” said Andrew Tyrie, the Conservative chairman of the committee, adding:

Continue Reading “UK parliament launches inquiry into EU’s Solvency II rules after Brexit” at the Financial Times

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