Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-245-093"

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"We are regulating the world of insurance and reinsurance as we did for the banks. The Solvency II Directive, currently under review in the Committee on Economic and Monetary Affairs (ECON), of which I am a member, aims to ensure that the own funds that insurance and reinsurance companies must hold are better adapted to the risks they face in their activities. We must ensure that companies are well managed, that they are able to calculate and stay in control of their risks and that they are well capitalised. I have supported the postponement of this report to January 2014, as recommended by the Chair of the ECON Committee, Sharon Bowles, as it gives Member States more time to transpose the directive into our national legislation."@en1

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