Mr McCreevy noted that there are only a few issues still to be resolved and that he was confident that appropriate resolutions to these would be found over the next few months. Among the issues yet to be resolved are group supervision and group support.
Mr McCreevy recognised the valuable benefit of input from industry and provided assurances that stakeholders’ views will continue to be sought during the development of the Solvency II project.
For further information on Solvency II, please see our recent blog posts:
Solvency II: Quantitative Impact Study 4 public hearing
CEA calls for extra scrutiny of Solvency II
Solvency II and the European Commission’s Policy Priorities for the Insurance Sector