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A-Team Group, 3rd August 2011: George Crooks of Wolters Kluwer Financial Services Comments on the Further Delay of Solvency II to 2014

“Concern over the risks associated with an extended and asymmetrical transition to Solvency II from the start of 2013 has left the European Parliament with little choice but to postpone its introduction to 2014, and this decision would have been met with differing opinion within the industry. Firms that have already taken significant steps towards meeting the previous deadlines could have read the news with despondency due to the money currently being spent on preparing for January 2013. Those firms yet to have measures in place are likely to welcome the news, as they now have more time to prepare. But can any of these firms be certain that there will be no further complications?” said George Crooks of Wolters Kluwer Financial Services.

Read the full article here courtesy of the A-Team Group »