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CBI welcomes Solvency II agreement

The CBI responded to an EU agreement on Omnibus II, which should lead the way to implementation of Solvency II in 2016.

Matthew Fell, CBI Director for Competitive Markets, said:

 

“After years of hard work it’s good news that a sensible and workable agreement has finally been reached, which will ultimately benefit consumers and savers across Europe.

“The removal of regulatory uncertainty in the insurance sector should free up a major source of long-term investment in the UK and Europe, which will help to boost growth.”

 

 

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