On Tuesday 13 September, the European Commission adopted a formal opinion requiring the Slovak insurance supervisory authority, Národná banka Slovenska (NBS), to comply fully with the EU supervisory regime applicable to insurance and reinsurance undertakings in the EU, as laid down in the Solvency II Directive.
This opinion follows the recommendation issued by the European Insurance and Occupational Pensions Authority (EIOPA) concerning the violation of EU law. EIOPA has gathered...