Solvency II: obstacles and opportunities

Solvency II: obstacles and opportunities


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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