Solvency II - Compromise in sight on draft directive
The four outstanding sticking points with potential to hold up Solvency II are near to being resolved, say participants close to the political discussions. Re-codified in March by the EU Commission, the majority of the draft Solvency II directive is likely to pass into EU law unchanged, apart from four areas: groups, equity risks in Pillar I, surplus funds and the minimum capital requirement (MCR).
The more uncontroversial parts of the directive will be worked out in detail and implemented by
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