Oh how we’d hate to be the public relations firm handling the communications strategy and plan for Solvency II in the European Union (EU). Luckily, our job is to happily produce world class business intelligence software. We’ve written previously about some dire predictions for Solvency II in the Spotfire blog. And, according to this article, life for Solvency II and its supporters is not improving.
These sentences from the article left us shaking and we don’t live in the EU:
“As with the majority of rulings brought in to regulate the industry, it is our clients that could feel the most financial burden.”
“Solvency II is a potential time bomb for the pension market.”
“It is absolutely vital then that we ask whether this new legislation is worth the potential to our own domestic market. The main worry being that it will have a profound effect on Europe as a whole and our competitiveness worldwide.”
Yikes.
The article focuses on EU pensions and wealth management and what Solvency II regulations will do to these markets. Our suggestion to the EU, check out Spotfire’s Portfolio Management tools here. It sounds like you may need them.
Bill Peterson
Spotfire Blogging Team
Image Credit: Wikimedia Commons
