A couple of extremely useful Solvency II legislative updates from Clifford Chance and Freshfields Bruckhaus Deringer which cover the state of play up to but not including the delay announced at the end of last week.
Both cover the transition between pre and post-Lisbon treaty legislative frameworks, the post-Lisbon Lamfalussy process and the drivers behind the current sticking points - if you are struggling to convey the uncertainty to your project sponsors, I would recommend giving both a once-over.
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