FT also posted a couple of supplementary articles on Solvency II today. One covers some old ground on calibration lobbying, but notes that the Solvency Experts Group is meeting this week with the Commission (one to look out for). It also reiterates that FT party line of move to 2014 implementation as more of a fait accompli.
The second quotes an ABI and KPMG straw poll that talks of the raft of supervisory changes in the UK (Solvency II and FSA-PRA changeover) is not helping support consumer trust in the industry.
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.
Showing posts with label FT. Show all posts
Showing posts with label FT. Show all posts
Monday, 20 June 2011
Solvency II timeline changing - 2014 anyone?
Not sure who the moles are in either London or Brussels, but there appears to be some water-testing ongoing about a soft launch of Solvency II over the weekend, with the FT reporting that "people familiar to the process" have it chalked down for implementation in 2013, but not active until 2014.
I can't quite work out if there is some confusion over transitional measures already in Omnibus II just being regurgitated, or if they have a genuine sniff of a shift in timeline here.
They interestingly note that the French had previously asked for a 2013 launch, with a year's grace on Pillar 1, and that this had made it on to the table at the Commission.
[Apologies in advance if you cannot link through, some of these are subscription/limited access]
I can't quite work out if there is some confusion over transitional measures already in Omnibus II just being regurgitated, or if they have a genuine sniff of a shift in timeline here.
They interestingly note that the French had previously asked for a 2013 launch, with a year's grace on Pillar 1, and that this had made it on to the table at the Commission.
[Apologies in advance if you cannot link through, some of these are subscription/limited access]
Subscribe to:
Posts (Atom)