'No appetite to reopen Solvency II' in face of global capital standards - Balz
Omnibus II rapporteur fears additional burden of global quantitative requirements
Moves to change Solvency II to bring it in line with developing global capital requirements for insurance companies could face opposition from members of the European Parliament, according to an influential parliamentarian.
Burkhard Balz, MEP and rapporteur for the Omnibus II directive, rejects suggestions that an early revision of the pan-European solvency regime is on the cards, despite some national supervisors having admitted that this may have to happen.
"From my point of view, there is no
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