Eiopa slams EC for breakdown in Solvency II process
The chairman of the European Insurance and Occupational Pensions Authority (Eiopa) Gabriel Bernardino has "strong concerns" over the "stagnant" Omnibus II negotiation and its impact on the Solvency II project.
In a letter to the European Commission, Bernardino said Eiopa is seriously concerned about the lack of a clear and credible timetable for implementing the new regime and warned that any further delays would lead supervisors in Europe to develop interim national solutions.
The Eiopa head addressed Michel Barnier, European...
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