EU probes Lloyd's regulation

UK - The European Commission (EC) has begun legal action against the UK government by asking for more information about its regulation of the Lloyd's of London insurance market.

The move is the first stage in a procedure that could determine certain European laws on insurance cover were violated.

"The Commission is examining the compatibility of the current regulatory and supervisory arrangements for Lloyd's, and on the basis of the information received from the UK, the Commission will decide

To continue reading...