2915

FSA responds to Omnibus II delay

Is "considering implications" for UK implementation

2912

Delay of Omnibus II vote to March 2013 confirmed

Deferral of Solvency II now "inevitable"

2906

Bowles worries that Omnibus II will fall apart

Sharon Bowles wants to be the first female governor of the Bank of England but right now her key role in the European Parliament means she's still grappling with Omnibus II issues. If the current impact assessment on long-term guarantee products doesn't resolve the European impasse, the already-delayed directive could fall apart, she tells Lorna Davies

2908

Low yields are negative for German life insurers

But non-life remains resilient, say AM Best and S&P

2903

Global Federation of Insurance Associations set up

Members are 31 associations representing 87% of world's insurance business

2901

SII will shift from regulation to supervision in 2013, says Eiopa

Will take on more staff for "highly ambitious" plans

2896

ECB may ask for reporting data before Solvency II

Could result in clash of priorities if directive is delayed

2892

IASB consults further on insurance contracts accounting

Could mean standards won't be in force until 2016

2888

Banking sector links heighten insurance industry's systemic risk

Other risks include political uncertainty, credit risk and life business stabilisation, says Eiopa

2886

Eiopa submits draft IORP QIS

Received 117 responses to consultation on technical specifications