Solvency II and Collective Actions

9.00 Group meeting. Rather irritatingly I have to leave before the employment bit. However proxies have been arranged but I am not sure we have enough people there to cast them all.

10.00 I go on a bit of mystery tour in the Journalists’ part of the Parliament building. Looks much swisher than our bit!! Eventually find the seminar. I have to start it on my own then Pervenche Beres arrives. We talk about Solvency ll, private equity, hedge funds and the Euro. We are filmed by Spanish TV.

12.30 Back to the office and collect a few papers then down to the lunch that I am hosting on collective redress in Europe.

13.00 Lunch with the European Justice Forum. We talk about collective actions, how not to have the pitfalls of the US system. I think it is useful. My input mainly seems to be getting the message over that the Parliament is probably more interested in consumer redress aspects than in encouraging company on company actions. There is some mention of the recent developments in Australia, which may not have gone as intended. I will need to follow this up.

15.00 Back to the office and to pack my trunk for Strasbourg. Then I do some more work on what to say on Friday. I think I have too much now but will edit it down on Eurostar tomorrow. Carol leaves to get Eurostar back to UK, then Alan leaves. I hope he has had a flavour of what goes on. Probably easier to follow as it was a Group week. I am just getting ready to leave when Peter Price turn up to talk about Solvency ll, so end up leaving at about 8pm.