Alessandro Iuppa, president of the National Association of Insurance Commissioners, told an international gathering today that the organization has helped spread “sensible regulatory practices in financial services.”
Speaking at the 22nd Progress International Seminar of the Geneva Association, Mr. Iuppa said the NAIC remains committed to international regulatory cooperation in the area of standards setting, global economic security and technical expertise.
Mr. Iuppa noted the NAIC's involvement in the International Association of Insurance Supervisors (IAIS), the Joint Forum, Financial Stability Forum, and the recent endorsement of the model Memorandum of Understanding (MOU), designed to facilitate information exchange between U.S. and European insurance supervisors.
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