Wednesday, 4 May 2011

Onerous EU regulation - anyone for arbitrage?

Spotted this in a release from EIOPA on reporting requirements for IORPs, and without being too cheeky, the table on page 32 looked like a map for plotting regulatory arbitrage under Solvency II!

Of particular interest were the list of countries who insisted on most, if not all, of the 30 items of corporate reporting listed (bravo Austria, Germany, Belgium, Latvia, Slovenia and UK) against those who asked for barely half to be submitted (Ireland, Italy and Poland).

Any danger some branches may get a harder time than others after 2013?

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