Michael McRaith, director of the Federal Insurance Office (FIO), is moving aggressively to reduce the differences between European and U.S. insurance regulatory and supervisory schemes.

McRaith met last Wednesday with officials of the European Insurance and Occupational Pensions Authority (EIOPA), and industry officials in Washington said he told them before he left that he hopes to have a template in place by November for smoothing over differences between the two regulatory schemes.

The meeting, held in Frankfurt, was also attended by Susan Voss, Iowa commissioner and immediate past president of the National Association of Insurance Commissioners (NAIC), and Terri Vaughan, NAIC executive director.

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