Brussels, 15/04/2014 (Agence Europe) - On Monday 14 April, the Council of the EU finalised the legislative procedure revising the Solvency 2 directive (2009/138/EC), which will introduce prudential requirements across the insurance sector, based on risk up to the year 2016 (see EUROPE 11037).
This legislative text introduces counter-cyclical measures to tackle excessive volatility on the stock exchange and help life insurance companies to be able to continue to offer long-term investment...