ABI sees more work ahead for Solvency II.

Financial Adviser, March, 2008

Peter Vipond identifies areas for further development. Maryrose Fison

There is more room for development in the Solvency II draft report, says the Association of British Insurers.

Commenting on Peter Skinner's draft report on the European Parliament's Solvency II proposal, Peter Vipond, director of financial regulation and taxation of 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."

The new Solvency II regulatory regime will be formally...

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