Long-term guarantees assessment threatens to open more divisions in Omnibus II talks

The European Insurance and Occupational Pensions Authority (Eiopa) has finally published its long-awaited report on the long-term guarantees assessment. But the report’s recommendations look unlikely to offer an end to the dispute between the insurance industry and policy-makers over the amount of capital that must be held for products with long-term guarantees. 

Far from providing the foundation for a swift conclusion to the Omnibus II negotiations, there is a real concern that the report will