EU under Pressure to Delay Solvency II Insurer Capital Rules - by Myles Neligan

The European Union may be forced to put back the January 2014 start date for its Solvency II capital regime for insurers after talks to agree a final draft of the strict new rules collapsed, Europe’s top insurance sector lobby said on Friday.

Thursday’s failed talks between EU officials and lawmakers meant there will now be no deal until after the EU Parliament returns from its summer break, squeezing an already tight legislative timetable and making a delay more likely.

Note EU-Digest: for the sake of the consumers it hopefully will not be delayed.

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