McCreevy vows fast track to Solvency II implementation

REGULATORY NEWS

"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 II part of the proposal."

The commissioner continued: "The negotiations on Solvency II can therefore

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