Eiopa out of touch on securitisation, say experts

Bernardino says charges workable, but industry disagrees

Gabriel Bernardino
Eiopa's Bernardino: revised charges will work

European supervisors and the insurance industry remain poles apart on the regulation of asset-backed securities (ABS). In a July 17 speech at the 11th Handelsblatt annual conference on Solvency II in Munich, Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa), said the authority is "convinced" that the revised capital charges for securitisations "will allow the insurance sector to provide meaningful long-term financing within a sustainable enviro