Groupe Consultatif chair fuels concerns over Solvency II delays

Eurozone instability making application of harmonised Pillar 1 ‘difficult’

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The chairman of Europe's actuarial consultative group has fuelled concerns that Solvency II will be delayed, stating that ongoing debates in the European Parliament could hold up the implementation of the regime for a year.

Commenting on mounting speculation that Solvency II could be delayed until 2015, Gábor Hanák, chairman of the Groupe Consultatif Actuariel Européen, said: "While unconfirmed, such a prediction is consistent with continuing controversy in the European Parliament relating

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