New insurer rules may start as late as 2017-watchdog
FRANKFURT Nov 19 (Reuters) - The head of German market watchdog Bafin said on Monday it was "realistic" that new capital rules for European insurers would be introduced in 2016 or even 2017, later than currently planned.
The European Commission has proposed introducing the rules, aimed at making the insurance sector safer, in 2015, but talks among the Commission, European Parliament and EU member states to finalise the new rules - known as Solvency II - have stalled. (Reporting by Jonathan Gould)
- Special Report: Thailand secretly supplies Myanmar refugees to trafficking rings |
- UPDATE 2-China bars banks from bitcoin transactions
- Obama says he's not allowed iPhone for 'security reasons'
- The 10 Most Corrupt and Least Corrupt Countries in the World
- Ford launches new global Mustang to buoy brand, boost margins