Solvency II set for inconsistent soft launch, lawyers warn

Absence of legal powers to enact guidelines in some jurisdictions threatens Eiopa’s objectives

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Unequal powers of national regulators and legal limits to enforcement are likely to result in a patchy implementation of the interim rules for Solvency II, legal experts are warning.

The European Insurance and Occupational Pensions Authority (Eiopa) launched a consultation on its proposed interim measures on March 27.

The proposals include measures relating to systems of governance, forward-looking assessments of an insurer’s own risks, the submission of information to national regulators and

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