EIOPA Chairman Concerned Over Solvency II Delays
Date: 3 February 2012
Source: EIOPA
The Chairman of Europe’s insurance supervisory body, the European Insurance and Occupational Pensions Authority (EIOPA), has written to the European Commission to express “concern on the current developments of the Solvency II project”. Solvency II has been delayed pending a parliamentary vote on the Omnibus II Directive. The letter says that stakeholders would benefit most from certainty over Solvency II implementation, and that EIOPA is currently having to factor in the delays to its work, and plan for any “potential adverse effects.”