In this issue:  Europe – Solvency II update; UK – FSA speech on the new approach to insurance regulation and the implementation of Solvency II; UK – FSA sanctions in team move cases; UK – UK’s ‘controlled foreign company’ rules; UK – Budget 2012; US – Force-placed insurance public hearing; US – Updates on legislation to amend credit for reinsurance provisions; and Global – Efforts underway to identify too-big-to-fail insurers

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