Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-154-998"

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"en.20111013.19.4-154-998"2
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"The reform of the law relating to insurance supervision in Europe is intended to reduce the risk of the insolvency of insurers. With Solvency II, a ladder of supervisory intervention will exist from 2013 onwards, beginning with the requirement to increase the level of capital, followed by a prohibition of writing new business and then by the forced sale of assets. The rapporteur adds to the Commission proposal a comprehensive equal consumer protection guarantee and a taxpayer protection guarantee in the event of the failure of a guarantee scheme. I voted in favour."@en1

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