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Solvency II delay not a problem: German regulator

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Delay in the implementation of a project as large as Solvency II is "absolutely normal" and has resulted in no major problems, reports Sofokleousin, citing Felix Hufeld, chief executive director for insurance supervision of

the German federal financial supervisory authority BaFin.

Even after implementation, the regime will have to undergo continuous improvements, he said.

The Berlin-based German Insurance Association (GDV), in an interview with Sofokleousin.gr, said, "Solvency II was not designed for today."

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