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Europe Daily Bulletin No. 9787

21 November 2008
Contents Publication in full By article 10 / 28
GENERAL NEWS / (eu) eu/insurance
Council disagrees with EP and Commission over supervision of pan-European insurance companies

Brussels, 20/11/2008 (Agence Europe) - Future negotiations on the draft Solvability II directive updating EU insurance company rules will be tough. EU representatives to the EU (the COREPER committee) decided on general guidelines on Wednesday 19 November 2008 on the new legislation that rules out group supervision measures and the group support system. The general guidelines were decided upon by qualified majority despite the opposition of five mss (Denmark, Finland, Ireland, the United...

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