McCreevy vows fast track to Solvency II implementation
LONDON - Charlie McCreevy, the European Union's (EU) commissioner for internal market and services, pledged to push ahead with Solvency II implementation without late changes, in a speech about insurance policy priorities to the Insurance Institute of London in early February.
"Our key priority for this year is ensuring the Solvency II proposal is adopted without the substance of the proposal being compromised," he said.
McCreevy denied rumours of changes to capital adequacy requirements, saying: "You may have heard that the Commission will introduce an amended Solvency II proposal in the near future. I want to assure you that no amendments will be made to the Solvency
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