National supervisors behind in Solvency II preparedness
Principal expert at European Insurance and Occupational Pensions Authority admits convergence frustrated by lack of legal mandate to enforce compliance with guidelines
There are "huge differences in the preparedness" for Solvency II among European national supervisors and certain authorities will have to undertake a "fast journey" to be ready for the implementation of the directive in 2016, according to a representative of the European Insurance and Occupational Pensions Authority (Eiopa).
Jarl Kure, principal expert at Eiopa, told delegates at Insurance Risk Europe on Tuesday that regulatory convergence across Europe is still a long way away as some
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