The question is not when Solvency II will come into effect, but in what form
The long-awaited impact assessment on Omnibus II’s long-term guarantees package has finally been given the green light after months of political wrangling over the terms of reference.
Yet, it is naïve to think that the assessment, which will look at how the matching adjustment, the countercyclical premium and the extrapolation of the risk-free rate will perform in practice, will provide all the answers to the political divisions that have so far prevented agreement on Omnibus II and stalled the
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