The European Parliament today voted on new legislation on key information documents for investment products (PRIPS). The new rules would ensure compulsory information on products like structured bonds, private pension funds, insurance investment funds and corporate bonds. The proposal has now to be negotiated with the Council. Commenting on the vote, Green finance spokesperson Sven […]

  Germans bemoan dwindling interest from Britain in twin-town programmes Philip Oltermann in Berlin. British indifference is sign of ‘depressing state of Anglo-German relations’, says German MEP Anglo-German relations have been tested in the past 30 years by ministerial handbaggings, beef boycotts and tense penalty shootouts, yet the partnership between West Devon council and the Rhineland town […]

The European Parliament and Council last night reached an agreement on revising the EU’s prudential rules for insurers (the Solvency II Directive). The Greens criticised the outcome for falling short in key areas aimed at protecting policy holders. Commenting on the outcome, Green finance spokesperson Sven Giegold said: “The EU has missed an opportunity to […]

EIOPA’s note includes essential information about the impact of the latest Council position on the long term guarantee (LTG) measures. 1. The most important results are set out in Appendix 1. The appendix presents results for four scenarios. Most relevant are the first scenario (EIOPA report OF 20%) which shows the impact of EIOPA’s recommendation […]

Greens will name and shame profiting companies Tonight European Parliament (EP), Council and European Commission agreed on a compromise on changes to the prudential rules for insurers (the “Solvency II Directive”). Solvency II replaced, in 2009, Solvency I (from 1973) that regulators and industry analysts alike agreed did not capture fully and consistently the risks […]