A provisional agreement has been reached at the Omnibus II trilogue late last night (13 Nov 2013).
At 22.26 (GMT) Sharon Bowels MEP (@SharonBowlesMEP), Chair of ECON Committee tweeted: “Omnibus 2 deal after 8 hours.”
About an hour later she tweeted: “Omnibus 2. Long term guarantees 65, 16, 30/35, parallel adjustment, asset replacement, capital add on and liquidity. Provisional equivalence”.
ECON Committee Press (@EP_Economics) tweeted: “#SolvencyII 13 year wait over as negotiators strike provisional deal on EU rules for insurers. Final ok by all meps and countries now needed”
See Lithuanian press release here.
A press conference with Burhard Balz MEP is scheduled for 10.30 CET. Follow live here.
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