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The latest ABI Bulletin considers the prospects for a deal on Solvency II under the Czech Presidency.
Whilst tough negotiations continue on groups and equity and market risk, there appears to be a genuine interest in reaching agreement and a sense that sufficient progress can be made in time to allow for a ‘first reading’ deal in the European Parliament.
The Bulletin also explores innovative proposals to address dampeners for market risk developed by the industry as well an overview of the De Larosiere report which firmly endorsed the need to implement Solvency II and a balanced group support regime.