Bernardino calls for firm timetable for implementation of Solvency II
Eiopa chair warns "stagnant" Omnibus II negotiations threaten Solvency II timetable
Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa), has expressed "strong concerns" over the lack of a clear timetable for the implementation of Solvency II.
In a letter to Michel Barnier, European Commissioner for Internal Market and Services, Bernardino argued that the uncertainty created by the latest delay to Omnibus II risks undermining the European Union's attempts to establish Solvency II as an international benchmark.
He also claimed
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