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Solvency II technical draft too harsh, firms claim

Eiopa urged to change technical specifications for ring-fenced funds and the calculation of the volatility adjustment

Eiopa flags

Insurance industry representatives have called on the European Insurance and Occupational Pensions Authority (Eiopa) to soften draft Solvency II technical specifications, arguing that some of the specifications are not aligned with parts of the Solvency II legislation and impose harsher requirements than politicians intended.

An updated draft of the technical specifications, circulated in March

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