Legal News

EIOPA submits opinion on 2020 review of Solvency II to European Commission

Published on: 17 December 2020
Published by LNB News

LNB News 17/12/2020

Document Information

Issue Date: 17 December 2020

Published Date: 17 December 2020

Jurisdiction(s): United Kingdom

Article summary

The European Insurance and Occupational Pensions Authority (EIOPA) has submitted its opinion on the 2020 review of Solvency II to the European Commission. From a prudential perspective, EIOPA is of the view that the Solvency II framework is working well overall and no fundamental changes are currently needed. However, it says a number of adjustments are required to ensure that the regulatory framework continues as a well-functioning risk-based regime.

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