The German Federal Financial Supervisory Authority (BaFin) has published details of how it intends to apply all of the European Insurance and Occupational Pensions Authority’s (EIOPA) guidelines and defines the structure of the preparatory phase.
The BaFin Chief Executive Director said that “things are now getting serious. Solvency II essentially got underway on 1 January – albeit not in one go. All of us should do our utmost so that the changeover to a more modern and improved supervisory system
can succeed.”
Related link:
http://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Fachartikel/2014/fa_bj_1401_leitlinien_solvency_ii_en.html