No agreement in crucial Solvency II negotiations

Further trilogue scheduled as inconclusive negotiations continues uncertainty over Omnibus II package

European lawmakers failed to broker a deal on Omnibus II during a key meeting yesterday in Strasbourg, sources at the European Parliament and the European Commission said.

Discussions between representatives of the parliament, the Council of the European Union and the commission will resume next month.

But the failure to reach an agreement will fuel concerns about the ability of the parliament and council to vote on the Omnibus II directive before the European elections next spring. Some will