Solvency II - Directive faces "possibility" of delay


Political filibustering from a group of 12 traditionalist European regulators could delay the Solvency II proposals for as long as two years, according to sources close to the discussions.

The European Union is committed to a timetable which will see the proposals agreed by December 31, despite claims by Peter Skinner, the EU Parliament's rapporteur for Solvency II, that the documents have already clocked up more than 800 outstanding amendments. Assuming the timetable does not slip, the directive

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