AIA calls for quick harmonisation of supervision

The American Insurance Association (AIA) has called for US and
European regulators to quickly agree a deal that would recognise
each continent's supervisory regime for (re)insurers, after the
latest round of negotiations ended last week without a deal
concluded.
The US Department of the Treasury said in a joint statement with
its European counterpart that both sides agreed to continue in good
faith to pursue a "covered agreement", which would
provide for mutual recognition of supervisory regimes