EIOPA’s proposed interim measures (although it insists on calling them “Guidelines on preparing for Solvency II”) will no doubt dominate the Solvency II universe for some time. The measures have also received an, albeit indirect, vote of confidence from the IMF. A review of EIOPA’s work published by the IMF in March notes, “Consideration should be given to harmonized early implementation of as much as possible of Solvency II that would allow more supervisors to raise their standards.” The report, in the form of a technical note, is part of the IMF’s first ever overall EU-wide assessment of the soundness and stability of the EU’s financial sector (EU FSAP). Preliminary findings from the EU FSAP, published last December, state, “Harmonization of the regulatory structure across Europe needs to be expedited.” Solvency II, alongside CRD IV, and the Deposit Guarantee Schemes should be put in place, “At the latest by mid–2013. Thus enabling the issuance of single rulebooks for banking, insurance, and securities.” The report on EIOPA also emphasises the need to modernise insurance supervision regimes across the EU. “Fundamental changes are needed in the supervisory methodology, tools and procedures, in all the different areas of insurance supervision … in nearly all national supervisory authorities.” Further incentive to put Solvency II in place comes from the fact that several member states are relying on EIOPA for updating their current regime.