Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-150-000"
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"en.20111013.19.4-150-000"2
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"This report, which begins by acknowledging the importance of insurance guarantee schemes in terms of reducing the risks faced by insurance policyholders and beneficiaries in the event of insurer bankruptcy, advocates deepening the present Solvency II Directive, which introduces a ladder of supervisory intervention minimising the likelihood of an insurer going bankrupt and the disruption to policyholders or, where appropriate, beneficiaries resulting from such an event.
This is a very sensitive area, where what is being sought in the name of defending consumer rights and confidence is, at times, the deepening of the workings of the internal market in the field of financial services. For that reason, we view this issue with a certain amount of scepticism, and it is one whose later developments we will monitor closely, in order to defend consumers, and to defend the principle of subsidiarity as well as the interests of the various Member States."@en1
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