The encroachment of Solvency II
The encroachment of Solvency II
Michalis Ioannides, BNP Paribas
Solvency II has been a long time in the making. It may take even longer yet - a January 19 proposal from the European Commission postpones its introduction until the beginning of 2013. Even after this date, various parts of the new risk-based capital regime for European insurers will be phased in, possibly over a period of several years. Despite the delay, Solvency II is occupying the minds of some European insurers now - and bankers are also taking a keen interest in the rules.
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