dinsdag 2 april 2013

EU-US INSURANCE DIALOGUE AGREES HIGH LEVEL PROJECT PLAN

The Steering Committee of the EU-U.S. Insurance Dialogue Project to
increase mutual understanding and enhance cooperation met in Basel,
Switzerland on 21 March 2013 and agreed on a high level work plan from
2013 to 2017. The parties achieved agreement on a prioritization of
objectives and a schedule for the implementation of the initiatives
previously agreed upon by the Steering Committee and described in the
"Way Forward Document" (December 2012).

As part of the five-year plan, an agreement was reached to move forward in
2013 with particular focus on those initiatives relating to professional
secrecy/ confidentiality and reinsurance and collateral requirements, as
well as to begin work on some other initiatives pertaining to solvency and
capital requirements, group supervision and on-site examination practices.
The Steering Committee anticipates a public forum in late 2013 to report
on the year's achievements, to launch collaborative work on supervisory
colleges and to give stakeholders an opportunity to share their thoughts
on best practices and experiences regarding supervisory cooperation and
coordination.


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