Harmonisation continues to tax European policymakers
As regulators grapple with the requirements of Solvency II, finding a consistency in supervision for all countries was never going to be easy. Thomas Whittaker reports on the challenges member countries face and the efforts to find harmony across the Solvency II regime
In July, Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa), gave a speech at an insurance industry event on the need for harmonisation and consistency in the supervision of the Solvency II regime.
In his speech Bernardino reflected upon the current situation faced by domestic supervisors and the insurance industry. While a single rule book was fundamental to the implementation of Solvency II he said a consistent approach to the supervision of
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