EC: Solvency II - NBS

The EC has adopted a formal opinion requiring the Slovak insurance supervisory authority (Národná banka Slovenska, NBS) to fully comply with Solvency II. It is noted that a supervised Slovak insurance company has been non-compliant over the past years with certain Solvency II rules. The EC notes that as long as no decisive supervisory measures have been taken, the NBS is not compliant with Solvency II.