European Commission lowers proposed Solvency II chargesReprints
A final draft presented to E.U. member states reveals that the European Commission has lowered capital charges for insurers investing in securitization, reports Reuters.
The E.U. authority has proposed lowering the charges, under Solvency II, from its previous draft. It had already halved the numbers recommended by the European Insurance and Occupational Pension Authority in the previous draft. The commission will publish capital requirement proposals for insurers by September-end, Reuters reported.