An Example of the Steps of Market Development, Assessments Completed, After 2003 the Bank developed an alternative template, Observance of ICPs...

Lloyd's participation in markets takes many different forms. Regulatory treatment encountered varies considerably. Compliance is paramount. Opinions on reasonableness of regimes are not fixed and can evolve over time...

Is a world-wide convergence of regulatory regimes desirable/necessary? 1. Yes, to achieve a level playing field. 2. Yes to reduce systemic risk, 3. I am indifferent...

State regulators and federal regulators competing for jurisdiction over financial marketplace "investment" products, certian insurance and annuity product sales. States' role is unlikely to disappear, but likely to change...

Groups provide fine examples of cohesive synergies. Group dynamics can create unique risks/exposures. Holding companies may exist with direct or indirect control and/or ownership...

Rapid MMoU implementation directly feeds into IAIS work on financial stability. The current financial crisis has prompted the work on group-wide supervision and in particular the acceleration of implementation of MMoU...

Establishment of AFIRC, AFIRC Strategy, Initiative on Corporate Governance, Concluding Remarks...