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Prudential’s CEO Warns of Solvency II ‘Unintended Consequences’

Prudential Plc (PRU) Chief Executive Officer Tidjane Thiam said he’s concerned about the potential “unintended consequences” of Solvency II regulation.

If “certain versions” of Solvency II, insurance rules to come into force in 2013, are implemented, investing in corporate bonds, infrastructure and some bank assets will be “very difficult,” he said in an interview with Bloomberg TV in Davos, Switzerland at the World Economic Forum.

To contact the editor responsible for this story: Howard Mustoe at hmustoe@bloomberg.net

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