Hedge fund industry seeks solutions to Solvency II challenges
Hedge funds need to address transparency and risk reporting standards to avoid punitive capital treatment under Solvency II. European insurance companies are keen to increase current 1% allocation.
Insurers will have to wait a little longer to learn the final details and implementation timeline of Solvency II, the European Union’s troubled initiative to harmonise regulation of the region’s insurance companies.
On November 20, the European parliament pushed back to March 2013 a plenary vote on the Omnibus II directive, which deals with technical issues that need to be addressed before Solvency II comes into force. The delay means Solvency II’s risk-based capital rules are now unlikely to be
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