Risk governance and reporting elements of Solvency II should be implemented early - Bernardino
Eiopa chairman says it is time to 'move on' with Solvency II as lack of certainty is threatening EU's credibility
Elements of Solvency II should be implemented early because of the expected two-year delay to the full implementation of the rules, the chairman of the European Insurance and Occupational Pensions Authority (Eiopa) said today.
Gabriel Bernardino said some of the key features of Solvency II in relation to risk governance and reporting could be incorporated on an interim basis into the supervisory process in order to maintain the momentum in implementing the new regime.
"Even if a credible
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