The European Parliament’s Committee on Economic and Financial Affairs (ECON) has discussed at length the revision of the ‘Solvency II Directive’ for the insurance sector. In the presence of the European Commission, MEPs pointed out many shortcomings in the original proposal.
This revision concerns two texts: - the amendment of ‘Solvency II’ regarding proportionality, quality of supervision, declarations, long term collateral measures, macro-prudential tools, sustainability risks,...