Letter from Brussels

Although policy makers in Brussels are currently busy with high profile legislative proposals on AIFMD, the use of shell entities for tax purposes and the European Long-Term Investment Fund, ELTIF, they’re also busy with another issue that you might think had been forgotten - Solvency II. But the directive that, among other things, establishes solvency capital requirements for insures is now back in the spotlight after undergoing an extensive review in recent years. And things are moving quickly.