France’s ACPR will not comply with Eiopa Brexit recommendation
ACPR is concerned over risks shifting from UK to France
The French prudential regulator, the Autorité de contrôle prudentiel et de résolution (ACPR) has said it will not comply with a recommendation made by the European insurance and pensions regulator in the case of a no-deal Brexit.
The decision could cause frictions for insurance firms with operations that span the border, highlighting one of the many ways in which a disorderly Brexit could impact financial services.
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