3 July 2013
It was the Germans who first coined the phrase Solvency 1.5 and developments last month suggest that it may well be the Germans that ensure that only a fractional Solvency II is implemented.
The proposed European regulations have been in the pipeline for a decade but – as of last year – there has been no official implementation date because an agreed wording could not be provided in time for the politicians to vote on a timetable.
A major stumbling…
