France to create joint banking and insurance regulator
The French finance ministry is set to combine insurance and banking regulation into one single authority next year.
The finance ministry said on Monday that it would combine the existing banking regulator, the Commission Bancaire, with the country's two insurance regulators, the Authorité de Contrôle des Assurances et des Mutuelles and the Comité des enterprises d'Assurances in a new entity. The entity is expected to be close to Banque de France, with the relationship similar to that between the
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