03/05/2013
Having worked on Solvency II for over a year we totally concur with the comments made. The methodology for creating new Europe wide regulation is a colossal white elephant where nothing appears resolvable. It is a highly political process and there are too many stakeholders involved to make consensus a likely outcome. Don't hold your breath for 2016
The delayed implementation of new rules governing Europe’s insurance industry, Solvency II, has come under fire from MPs and the head of the UK’s Prudential Regulation Authority.