Latest From Philip Woolfson
The clock is ticking on the UK leaving the EU but their future relationship remains unclear
Insurers have too much to lose from the UK leaving the EU not to take an active role in discussions
European Commission consultation on CMU set to close on 13 May 13
Commission also looking at building a high-quality securitisation market in the EU and reducing barriers to access to capital markets through a review of the Prospectus Directive
It is time to re-examine the substance and benefits of Solvency II
While the deal on the Omnibus II Directive will finally make the new EU insurance regulatory framework operational, we should not forget significant work still needs to be completed by January 1, 2016, the date agreed for Solvency II’s application.