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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