Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-149-000"
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"en.20111013.19.4-149-000"2
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"Starting with the acknowledgement of the importance of insurance guarantee schemes in terms of reducing the risks faced by insurance policyholders and beneficiaries in the event of insurer bankruptcy, this report advocates the deepening of the present Solvency II Directive. The Solvency II Directive introduces a ladder of supervisory intervention minimising the likelihood of an insurer going bankrupt and the disruption to policyholders or, where appropriate, beneficiaries resulting from such an event. This is a very sensitive area, where what is being sought in the name of defending consumer rights and confidence is, at times, the deepening of the workings of the internal market in the field of financial services. For that reason, we view this issue with a certain amount of scepticism. We will monitor the development of the situation. Our central concerns are defending consumers, and defending the principle of subsidiarity, as well as the interests of the various Member States."@en1
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