Myners says 'more needs to be done' over Solvency II

He welcomes "the hugely progressive" directive but told a reception organised by the ABI more debate is needed before its implementation. "We need to draw on our experiences with the AIFM Directive. Good regulation requires solid evidence and analysis and visible engagement," he says. He adds: "The UK can and must lead the debate on all fronts to ensure that Solvency II delivers on its promise of significant regulatory reform of an industry that is crucial to not only European economies, but European claimants, savers and pensioners." The Treasury's financial services secretary pr...