Insurers not ready for EMU.
Insurers are reluctant to make significant investment in preparations for the UK entry to Economic a...
Insurers are reluctant to make significant investment in preparationsfor the UK entry to Economic and Monetary Union without further
clarification from the government. This is the finding of a survey
conducted by the ABI and Ernst & Young. It reveals that most insurers are
doing little more than initial assessment work. Most said they would do no
more until the government gives a positive commitment to UK entry.
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