Local regulators grapple with Solvency II implementation

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The past month has brought further uncertainty to the insurance market with further delays to the finalisation of the Omnibus II directive.

The European Parliament’s Economic and Monetary Affairs Committee (Econ) has delayed a crucial vote on the Omnibus II directive for two months – the second time this vote has been postponed – which could lead to delays to the finalisation of the rest of the regime.

Despite the slow progress at European level, local regulators are pushing ahead with their

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