Solvency II directive passes in landslide


After more than a year of controversy, the European Parliament voted the Solvency II insurance regulation directive into law by an overwhelming margin, with only fringe groups not in favour. Peter Skinner, MEP for South-east England and rapporteur of the directive, described the majority as "massive", and said it was a "ringing endorsement of the package" presented to the European Parliament.

The directive includes the controversial counter-cyclical 'dampener' equity charge, the introduction of

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