European Parliament’s plenary vote on Omnibus II delayed again
Concerns mount over Solvency II implementation timetable as plenary vote rescheduled to September
The European Parliament's plenary vote on Omnibus II has been postponed for a further two months to provide adequate time for negotiations between the European institutions.
The delay to the vote, now scheduled to take place on September 10, has added further fuel to fears that the implementation of Solvency II on January 1, 2014 could be threatened.
Paul Clarke, global Solvency II leader at PricewaterhouseCoopers, based in London, says: "Twenty-four hours ago I was optimistic that there would
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