CEA responds to EC Green Paper on corporate governance and remuneration
01 September 2010
CEA stresses that Solvency II will reform governance requirements when it comes into force in 2012 and argues that any new requirements resulting from the Green Paper should not duplicate or contradict the Solvency II requirements.
In its response, the CEA stresses that Solvency II, the new regulatory regime for EU insurers, will reform governance requirements when it comes into force in 2012 and argues that any potential new requirements resulting from the Green Paper should not duplicate or contradict the Solvency II requirements. Where the Green Paper proposals go beyond Solvency II, the CEA argues for a flexible regulatory approach based on “comply or explain” principles.
© CEA - Comité Européen des Assurances
