ProgramBusiness
 
  


  1. News Articles
  2. Related News Articles
News Article Details

EU May Relax Planned Capital Rules for Insurers

Source: Dow Jones


Posted on 20 Jun 2012 by Neilson

Facebook LinkedIn Twitter Google

European UnionThe EU is prepared to relax planned capital rules for insurers, the German business daily Financial Times Deutschland reported Wednesday, without citing specific sources. Insurers and regulators applied immense pressure on Brussels, the newspaper said.

The revised plan calls for existing insurance contracts to be exempted from the rules for seven years, the newspaper said.

The new rules, dubbed "Solvency II," are supposed to take effect from 2014, the newspaper said.