Brussels, 04/07/2012 (Agence Europe) - On Tuesday 3 July 2012, in its endorsement of the Bowles Report submitted by the Economic and Monetary Affairs Committee, the European Parliament gave its go-ahead for the postponement of introduction of EU Directive 2009/138/EC on insurance and re-assurance, nicknamed the Solvency II Directive. The transposition deadline for the directive is 30 June 2013.
The Economic and Monetary Affairs Committee elaborated in March on various controversial measures...