Solvency II interim rules could worsen market fragmentation

european-hotspots

Despite Eiopa’s proposed guidelines for interim measures, surveyed Member States are showing a strong preference for a second quick fix directive, postponing the full implementation of Solvency II towards as late as 2017.

This was the finding of a survey by ICODA European Affairs. Among the surveyed member states, close to 40% admitted that their national supervisory authorities lack the competences to implement

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MPs demand answers surrounding FOS CEO’s exit

The Treasury select committee has written to both the Financial Conduct Authority and Financial Ombudsman Service about the circumstances which surrounded the departure of CEO and chief ombudsman, Abby Thomas, last week.

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