INSURANCE: MEPS QUESTION WHETHER COMMISSION WAS RIGHT TO CLOSE LLOYD'S CASE.

MEPs have decided to call the European Commission to task over the way it handled the Lloyd's of London investigation, which considered whether or not the British Government failed to properly regulate the insurance underwriter during the 1980s and early 1990s (as it is required to do so under Directive 73/239/EEC). This decision follows a meeting of the Legal Affairs Committee held behind closed doors on the evening of April 6, as announced in the previous...