In “Economy and Society” Max Weber wrote, “bureaucracy naturally welcomes a poorly informed and hence a powerless parliament at least in so far as ignorance somehow agrees with the bureaucracy s interests” - write Dick Roche. For the best part of a year, the actions of the EU Commission and EIOPA demonstrate that one hundred years after […]
Solvency II, the prudential regime for insurance and reinsurance undertakings in the EU is portrayed as a global ‘gold standard’. An extraordinary case involving the Romanian Financial Supervisory Authority, ASF, and the insurance operator, Euroins Romania which has played out since the beginning of this year badly tarnishes the ‘gold standard’ claim – writes Dick […]