Treasury Committee calls for changes to Solvency II post-Brexit
Committee wants discussion between the PRA and the industry in response to "practical difficulties" of Solvency II.
The Treasury Committee has recommended that the Prudential Regulation Authority (PRA) has a “pragmatic discussion” with the insurance industry about Solvency II.
This follows the publication of its Report on the Solvency II Directive today (27 October), which has called for a number of areas of the legislation to be refined.
The report recommended that the discussion should focus on the scope for amendments and increased proportionality in the implementation of Solvency II, in response to the
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