Delay to Solvency II is ‘pure speculation’, says European Commission
But MEP Peter Skinner says European Parliament vote cannot be delayed again
The European Commission (EC) has dismissed speculation that the implementation of Solvency II in 2014 could be delayed.
Reports had suggested that the full implementation of the directive would be pushed back by two years due to delays in finalising the legislative process.
But an EC spokeswoman says the suggestions are "pure speculation". "The commission is working for an application of the Solvency II system by January 1, 2014, as outlined in the European Council's general approach. The
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