Breakdown of Omnibus II negotiations piles pressure on Solvency II timetable

european-parliament

The Solvency II implementation timetable came under further pressure after European policy-makers failed to agree a final version of the Omnibus II Directive at the end of last week.

Continued disagreement between member states over the package of measures to support long-term guarantee products prevented an agreement being reached in the trilogue negotiations between the European Parliament, Council and the European Commission.

Negotiations will now resume in September, following the summer

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