Omnibus II signals lengthy transition to Solvency II
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LDR | 00000cam a22000004b 4500 | ||
001 | MAP20110020064 | ||
003 | MAP | ||
005 | 20110329094451.0 | ||
008 | 110329s2011 usa|||| ||| ||eng d | ||
040 | $aMAP$bspa$dMAP | ||
084 | $a222 | ||
100 | 1 | $0MAPA20110009052$aHughes, Clara | |
245 | 0 | 0 | $aOmnibus II signals lengthy transition to Solvency II$cClara Hughes, David Prowse, Aymeric Poizot |
260 | $aNew York$bFitchRatings$c2011 | ||
520 | $aThe Omnibus II Directive (Omnibus II), published by the European Commission, sets out the latest changes proposed for the new European Solvency II regulatory regime for insurers. The most important proposal is for lengthy transitional measures to smooth the changeover from the current regime, Solvency I, it may not be until 2023 that Solvency II takes full effect. The long transition period will give insurance companies more time to adapt to the new rules. Fitch Ratings believes this will reduce the risk of insurers, particularly smaller insurers and niche players, not being able to meet the capital requirements and reporting standards of Solvency II | ||
650 | 1 | $0MAPA20080564254$aSolvencia II | |
650 | 1 | $0MAPA20110009045$aOmnibus II | |
650 | 1 | $0MAPA20080584351$aControl de seguros | |
650 | 1 | $0MAPA20080608804$aSupervisión de seguros | |
650 | 1 | $0MAPA20080602741$aNormativa comunitaria | |
651 | 1 | $0MAPA20080640255$aUnión Europea | |
700 | 1 | $0MAPA20110009069$aProwse, David | |
700 | 1 | $0MAPA20110009076$aPoizot, Aymeric | |
710 | 2 | $0MAPA20080438661$aFitch Ratings |