As ever, our well connected friends at the Big 4 get the news first, but it would appear that the deadlines for Omnibus II may be stretching even further away from the industry's preference.
With aspects of Levels 1, 2, 3 and EIOPAs "technical implementing standards" still difficult to pin down, this is becoming increasingly fractious and awkward to manage at project level. I have no idea why EIOPA and the Commission have begun moving so many deadlines, but it is certain that the opportunity for reasoned and balanced public consultation on Level 3 and the technical implementing standards has passed if the Jan 1st implemntation date remains unchanged. Very sad.
An online repository for Solvency II, ERM and Corporate Governance material and comment from the Principal of Governance Matters, an independent Risk Consultancy firm based on the Isle of Man.
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