While the European Commission has launched its wide-ranging review of the Solvency II Directive, which lays down prudential rules for the insurance sector, the Croatian Presidency of the EU Council has deemed it necessary to hold an orientation debate on this issue among EU Finance Ministers at their meeting on 17 March, if the Council is maintained (see other news).
The Directive (see EUROPE B11460A14) provides that the Commission must review certain areas by 1 January 2021. It has...