London ILS timeframe 'uncompetitive': Willkie

A timeframe of six to eight weeks under the proposed London market
insurance-linked securities (ILS) framework is unlikely to be
competitive, according to Willkie Farr & Gallagher.
The timescale - with a backstop of six months - is outside the
upper bounds of those adopted by other jurisdictions, the law firm
said in a submission to the consultation on the framework.
UK regulator the Prudential Regulation Authority (PRA) has also
allowed itself 10 working days to notify an applicant whether.