Brussels, 28/11/2013 (Agence Europe) - On Wednesday 27 November, member states' permanent representatives to the EU on the Coreper committee endorsed the deal struck by the Lithuanian Presidency and representatives of the European Parliament on the Omnibus II package of rules to amend the EU Solvency II directive (2009/138/EC) laying down prudential solvency rules for the insurance industry.
The talks were in deadlock for a long time over the question of introducing counter-cyclical...