Germany warns Europe about timeline for insurance rules

08/5/2013 | Reuters

A German regulator opposed to the idea that seven years is enough for the insurance industry to adopt Solvency II rules has raised the possibility that Germany will walk away from negotiations. "If someone forces us to stick with an inflexible time frame for the phase-in because of some purist ideal ... we would in the worst case just say goodbye," said Felix Hufeld, head of insurance supervision at BaFin.

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