Arguments on artificial volatility dampeners must focus on fundamentals, warns Skinner
Debate on matching and counter-cyclical premiums must not remain linked to needs of specific countries if political consensus is to be reached
The debate on the mechanisms to remove artificial volatility caused by Solvency II has become too aligned to certain countries and product lines, according to Peter Skinner MEP, the European Parliament’s rapporteur for Solvency II. The argument must focus on the fundamental purpose of these tools if support for them is to be achieved within the European Parliament, he warns.
Skinner’s comments came as the Economic and Monetary Affairs Committee (Econ) of the European Parliament postponed a
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