Solvency II - Treasury open to two-speed solution for Solvency II
The UK Treasury is willing to accept a two-speed compromise in the Solvency II directive mooted at the ongoing trilateral dialogues, which will allow certain countries opt-out clauses from group support measures, despite some opposition from its domestic industry.
"If member states were uncomfortable with the group support regime, then allowing them to opt out would not be something the UK government would object to," said a spokesman.
The three main stakeholders - The EU commission, parliament
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