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LONDON/FRANKFURT (Reuters) – European Union officials have entertained the idea of a two-year delay in the implementation of strict new capital rules for the bloc’s insurers, an internal document shows.

The Solvency II rules, proposed by the European Commission and aimed at making insurers hold capital in strict proportion to their liabilities, have already been delayed by persistent disagreements over their final shape, angering the industry and undermining their intended status as a benchmark for regulators worldwide.

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