KPMG warns over "hindsight" penalties in the wake of Solvency II delay fears
Omnibus 2 is a significant milestone for Solvency II and delays to its finalisation are having an unwanted impact on the Solvency II timeline, increasing fears that neither insurers nor regulators may be fully prepared for implementation on 1 January 2013.
That is the view of Janine Hawes, insurance director at KPMG, who today commented: "The Solvency II timeline is becoming increasingly uncertain. Under the original draft of Omnibus 2, EIOPA was
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