Brussels, 03/10/2013 (Agence Europe) - EU Internal Market Commission Michel Barnier has unveiled a draft directive postponing until 1 January 2016 application of the Solvency II directive on solvency rules for European insurance companies.
The directive was initially due to come into force on 1 January 2014, but this is no longer possible. A legislative proposal known as “Omnibus II”, currently in trilogue discussions, makes significant modifications to Solvency II, in particular as...