A vote in the European Parliament's economics committee earlier this week, on Wednesday (21 March), made last-minute concessions sought by insurance companies on a bill aimed to limit risk in pension- and life-insurance-related investments.
The so-called Omnibus/Solvency II dossier - designed to strengthen capital requirements and oversight on insurance companies in Europe - is to come into force next year, pending a final agreement between member states, the EU commission and MEPs.
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