NAIC: "If we respect the differences, we can make this work"

Published in: Regulation, Solvency II, RBC Worldwide, US - Canada - Bermuda, People

Companies: NAIC, FIO, OCC, OTS, BCBS, IOSCO, IAIS, Eiopa, FSA, SEC, CFTC, AIG

On a visit to London, the NAIC top brass make it clear where they stand on equivalence. "We are not adopting Solvency II and Europe is not adopting the US system and that is okay," says Kevin McCarty, NAIC president. The key issue is making it easy for transatlantic firms to do business, stresses his colleague, CEO Terri Vaughan, in the interview with InsuranceERM

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