Montalvo: No delay to Solvency II
Carlos Montalvo, the executive director of the European Insurance and Occupational Pensions Authority (Eiopa), has dismissed reports that Solvency II would not be fully implemented on schedule on 1 January 2013.
Speaking at the Association of British Insurers conference in London today (22 June), Montalvo said there would be "no delay, no matter what you read".
"Omnibus II will put in place a lot of transitionals but it will not result in a delay," he said.
The Financial Times reported...
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