European financial regulators challenge Eiopa on harmonised response to low interest rates
Regulatory solutions 'must account for local conditions', they say
Europe's national financial regulators are insisting that measures to combat the threat to insurers of low interest rates are best designed and implemented at the state level, despite calls from the European Insurance and Occupational Pensions Authority (Eiopa) for a harmonised policy response.
On March 4, Eiopa published an opinion warning that some insurers' solvency levels could be at risk if current low rates persist. It requested that national supervisory authorities provide details of how
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