Insurance Neglected In Capital Markets Union, Lobby Warns

Law360, London (March 20, 2017, 6:19 PM GMT) -- The European Commission is slashing capital buffers for just 2 percent of insurers' asset portfolios and neglecting the overwhelming majority as the commission plans for the flagship Capital Markets Union, a major lobby group said Monday. 

Insurance Europe accused the European Union’s executive arm of reducing capital charges on infrastructure and simple, transparent securitizations at the expense of almost all insurance investment portfolios — even though they are vital to growth.

“The commission should not focus solely on those assets and ignore the other 98 percent...
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