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A Well‐Intentioned Folly: The Macroeconomic Implications of S olvency II
Author(s) -
Swarup Amarendra
Publication year - 2012
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2012.02169.x
Subject(s) - solvency , unintended consequences , actuarial science , business , economics , financial system , finance , political science , law , market liquidity
In J anuary 2014, the E uropean U nion will introduce a new piece of insurance regulation, Solvency II . Its implementation will represent the latest pinnacle in the prescriptive approach adopted by EU regulators towards the insurance industry in their efforts to reduce risk and increase policyholder protection. It is also likely to become, in due course, the latest case study in the law of unintended consequences.