Solvency II: obstacles and opportunities
The insurance sector faces the major challenge of implementing Solvency II by 2013. A panel of experts discusses ways to meet this tight deadline and benefit from the process
Life & Pension Risk: Do you think the time frame outlined by the recent Omnibus II directive is realistic for the insurance industry?
Bruce Porteous, Standard Life: The industry is still very much on track to implement by 2013. Omnibus II is quite a short document by Solvency II standards, but it's also quite complicated - very technical and very legal. It appears to give the European Commission (EC) the opportunity to adopt delaying transitional powers. We need to understand the EC's intent of
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