WASHINGTON–International regulatory and industry executive panelists discussing the International Association of Insurance Supervisors' ComFrame (Common Framework) global-supervision approach diverged a great deal on key issues such as a timetable for implementation, what the framework will ultimately look like and who will supervise.
There are still very distinct views separating the European approach and the U.S. approach on ComFrame says an executive at a large multinational life insurer after the panel.
Other observers note a lack of cohesion on many elements within Europe, while the U.S. policy remains unclear.
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Elizabeth Festa
Elizabeth Festa is a longtime business and financial services reporter with a specialty in insurance regulatory and legislative coverage at the federal and state level. She is based in Washington, D.C.
