25 Jun 2012

Countercyclical Regulation in Solvency II: Merits and Flaws

Rym Ayadi / Jon Danielsson / Roger Laeven / Antoon Pelsser / Enrico Perotti / Mario Wüthrich

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October 2011 saw the latest draft of Solvency II, the European Union’s code for regulation of the insurance industry. This commentary, a collective effort by a group of academics specializing in financial, banking and insurance institutions, argues that the latest proposals need to be drafted again, urgently.