European Union stuck in Solvency II deadlock


BRUSSELS - The European Union's approval of the Solvency II directive, the risk-based capital requirements directive for the insurance industry, is beginning to resemble the predicament of an unstoppable force meeting an immovable object. The contentious group-support issue - determining national-level capital allocations across cross-border insurance groups - is particularly delicate for EU supervisors playing host to insurers based elsewhere on the continent. National authorities in Spain

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