The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) published the responses on its consultation paper on the treatment of 'deeply subordinated debt'. Out of the three alternative approaches offered by CEIOPS, Commentators broadly support alternative c, which sets out to amend the current insurance Directives to allow for the use of all forms of hybrid capital for solvency margin purposes.
Responses
© CEIOPS
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