European and Chinese regulators announce MoU

The European Insurance and Occupational Pensions Authority
(Eiopa) and the China Insurance Regulatory Commission (CIRC) have
signed a Memorandum of Understanding (MoU) today (15 June) to
increase mutual understanding of one another's supervisory
regimes.
The European regulator said the agreement was aimed at achieving
three objectives: to build a practical framework for the exchange
of supervisory information; to update each other on developments in
the regulatory and supervisory frameworks for