Allan Polack, chief executive officer of Nordea Asset Management, is heading up a task force that looks to influence policymakers in Brussels to ensure regulation does not hinder institutional investors from making long-term investment decisions.
Solvency II delay sparks regulatory action in Denmark
Denmark is implementing Solvency II-inspired capital requirements to fill the regulatory gap left by the directive's postponement. But Finanstilsynet's Jan Parner is not concerned about moving ahead too swiftly
Further disagreements and Solvency II complexity delays system reform
The government’s banking law commission hits a brick wall as overoptimistic timescales and a concerned industry mean hopes of passing a new pension law are delayed
EC letter intensifies Swedish confusion around Solvency II and IORP II
Correspondence seeking to clarify the relationship between the two directives has entirely the opposite effect
Preparations for regime change overshadow Solvency II
The regulatory framework for new DC and hybrid pension products is expected to be in place by 2014 but the sector’s ability to meet Solvency II capital requirements is still a cause for concern
European insurers relieved by delay to new regulation
Guarantees and the discounting of liabilities remain the sticking points in Europe as the Solvency II deadline is pushed back by two years
Industry frustration over costly Solvency II delay
After EU discussions failed, Nordic pension companies are facing yet another delay for the implementation of the Solvency II directive
Links to social security systems give leeway to pension funds
Finland and Iceland may not be obliged to follow Solvency II, but Finland is drawing up Solvency II-like regulation for its pensions industry
Regulatory puzzle reveals structural weaknesses
As preparations for Solvency II proceed they are uncovering differing levels of preparedness and areas of concern
Complex issue of risk-free rate calculations still a sticking point
One of the key Solvency II issues is that insurers cannot calculate capital requirements without knowing how liabilities will be discounted
