You know what it's like - no Omnibus delays for ages, and then three come along at once (boom boom)! From January to April, April to July, and now announced today, July to September, the basic logistics of bifurcation in 2013 are starting to look decidedly ropey, even if 2014 go-live is still achieveable at a push.
Frankly, once you factor in the complexity of the trialogue procedure and the rather savage nature of clashes to date in ECON, its probably best for this one to simmer over summer after a good three months of Council, Parliament and the Commission kicking it round.
PS The procedure file has definitively been changed to reflect the change to the September Plenary - lets hope the Parliament enjoy their summer holiday more than the guys picking up the project tabs!
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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