European Union (EU)
Treasury concerned by "over-hasty" pace of financial regulation
Committee chairman John McFall describes EC plan as "recipe for a muddle".
Axa chief: no need to change rules on insurers’ capital
European insurers shouldn’t be required to increase capital reserves as they play a “stabilizing” role in the financial system and pose “no systemic risk” to markets, Axa SA’s CEO Henri de Castries said.
