In his opening speech and introductory statement at EIOPA’s 2nd annual conference (held this month), the Chairman of EIOPA emphasised that, to keep the momentum of Solvency II and justify the resources which have already been expended on Solvency II, it was necessary to continue to push forward. He emphasised three key steps which would aid this process. These were (a) firm commitment from EU political institutions towards a certain and realistic timetable for the implementation of Solvency II, (b) a sensible regime for long-term guarantee valuation and (c) a possible “interim” phase of implementation of some key elements of Pillars 2 and 3 of Solvency II (which he emphasised should be coordinated by EIOPA in order to ensure consistent application).