The European Union’s Economic and Financial Affairs Council recently approved the Solvency II Amended Directive, an insurance and reinsurance regulatory framework which we initially reported on in a September 14, 2007 post, and which moved forward with recent approval by the European Parliament last month. The Council’s approval is mentioned on page 14 of a release describing a meeting of the Council, which followed a press release about the Parliament's action. The proposal will now be up for adoption by the Council at its next meeting, and implementation remains on track for October 31, 2012.
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E.U.’s Solvency II insurance regulatory framework moving along on track
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