Impact study on long-term guarantees package is crucial for devising new Solvency II timetable

Impact study on long-term guarantees package is crucial for devising new Solvency II timetable

michael-faulkner

It will only be a matter of time before the official start date for Solvency II is moved. During the past few months, the January 1, 2014 implementation date has looked increasingly unrealistic as the wrangling over Omnibus II continued due to lawmakers failing to agree on the package of measures for long-term guarantee business.

Now with the European Parliament’s plenary vote on Omnibus II pushed back to March 2013, the idea of the new regime coming into effect in 2014 is a fanciful one.

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