LLOYDS DEBATE
September 1st, 2003
BY MARK ROWETHE EUROPEAN Commission (EC) has been given a final deadline to respond to allegations that the British government broke European Union (EU) law during its protracted dispute with Lloyd's of London names. A plenary session of the European Parliament today (Thur25/9) voted to give the Commission until November 15 to provide its opinion on whether the First Insurance directive was properly applied by the British government in its regulation of Lloyd's in the 1980s and early 1990s.The directive, 73/239, requires national regulators to ensure that ...
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