Delay for Solvency II project



The Solvency II directive has been postponed until 2012 - a year later than originally planned - with the EU commissioner responsible for its implementation, Karel van Hulle, arguing that such a delay was imperative in order to avoid the problems that have beset the Markets in Financial Instruments Directive (MIFID).

MIFID is due to come in to force in November this year, but has been dogged by an inconsistent implementation framework that is poised to defeat its very object of increased

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