Irish deputy assesses Solvency II implementation in Bermuda

matthew-elderfield

Matthew Elderfield, a deputy governor of the Central Bank of Ireland, gave a speech today (June 12) discussing the implementation of Solvency II, a new European regulatory framework for insurance, in Bermuda.

Speaking at the Insurance Day Summit, Elderfield said that Bermuda, as an "important source of risk capital and insurance services into the EU", faces continuing challenges posed by the new rules. Under the regulations, Bermuda must prove it has a regulatory framework broadly equivalent to

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