Solvency II may be introduced in 2015 instead of 2013, according to latest reports

European Commission building Brussels

Solvency II may be introduced in 2015 instead of 2013, taking full effect in 2016 instead of 2014, according to reports.

Bloomberg, quoting Financial Times Deutschland, cited an unnamed executive as the one who leaked the news.

A spokeswoman for EU financial services commissioner Michael Barnier was quoted as saying the European Commission “regrets this delay and is still working resolutely toward a speedy introduction of the Solvency II rules”.

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