Insurance Europe questions plans on uncleared swaps

Proposed rules under Emir could place a high cost burden on insurers, says industry association

Proposed rules on uncleared swaps trades will place an unreasonable burden on insurers, according to industry association Insurance Europe, imposing a cost burden on firms that would discourage hedging and would ultimately be passed on to policyholders.

In a July response to a consultation on draft regulatory standards for uncleared trades under the European Market Infrastructure Regulation (Emir), Insurance Europe highlighted concerns about the speed with which new rules will be introduced and