1/24/2013

Prudential CEO Tidjane Thiam is concerned that banks will face challenges raising funds from insurers because of conflicting Basel III rules for banks and Solvency II rules for insurers. "The inconsistencies between Solvency II and Basel III are a major issue," Thiam said at the World Economic Forum in Davos, Switzerland. "Who's going to provide capital to the banks?"

Full Story:
Bloomberg

Related Summaries