Convergence and harmonisation is key to the success of Solvency II, according to panellists at public hearing

Though the high-level principles that will form the basis of Solvency II are still being decided, the more controversial aspects of the directive are already in active debate. Harmonisation, industry submissions to consultation papers and regulatory convergence were offered as pre-emptive solutions to the more contentious issues of home-host, the threat to small to medium-sized enterprises (SMEs) and the final calibration of the directive.

CEIOPS chair Henrik Bjerre-Nielsen stressed that such

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