Law360, New York (January 3, 2012, 3:32 PM EST) -- This article summarizes the main findings of the European Insurance and Occupational Pensions Authority (EIOPA), which are set out in its advice to the European Union (EU) Commission regarding the Solvency II equivalence assessment of the Bermudan, Japanese and Swiss regulatory systems published on Oct. 26, 2011.
The EU Commission is expected to make the final decision on equivalence in 2012.
What Is Equivalence?
Equivalence under Solvency II is a three-dimensional determination in relation to a third country’s, i.e., a country outside the European Economic Area...
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