Solvency 11: ABI response to Skinner draft report

Solvency 11: ABI response to Skinner draft report

Solvency 11: ABI response to Skinner draft report

Commenting on the release of Peter Skinner MEP’s draft report on Solvency II Peter Vipond, Director of Financial Regulation and Taxation at the ABI said:

“It is an innovative report which supports the Directive’s risk-based approach. It sets the tone for the way the Directive will be voted on in Parliament.’

Mr Skinner has also made some sensible suggestions to strengthen co-operation and mutual trust between regulators. However, there are still areas of further development to be worked on.”

“We hope to see the Framework Directive agreed by the end of this year.”

– ENDS –

Notes for Editors
To read the report please see
http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-400.648+01+DOC+PDF+V0//EN&language=EN

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15/08