Insurance Europe questions plans on uncleared swaps

Proposed rules under Emir could deter hedging, says 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 w

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