Solvency II consultation: Commission published summary of responses
05 May 2011
The responses show that stakeholders' main concerns about the implementation of the new regime relate to the following issues: the impact on long-term products; volatility and pro-cyclicality; proportionality and limiting the reporting burden; and the need for transitional measures in certain areas.
The Commission Services' impact assessment on the Solvency II level 2 implementing measures, expected in late 2011, will now focus on policy issues relating to the concerns highlighted above and the issues highlighted by the fifth quantitative assessment (QIS5).
Full summary
© European Commission
