Eiopa chief plays down sovereign debt rethink
The European Commission (EC) is unlikely to take immediate steps to overhaul the way the Solvency II standard formula treats Eurozone sovereign debt as risk free, according to Carlos Montalvo, executive director of the European Insurance and Occupational Pensions Authority (Eiopa).
Speculation that the EC would be forced to change the rules to apply a capital charge to Eurozone assets emerged after Eiopa chairman Gabriel Bernardino said last month that policymakers may need to reconsider whether the regime as it...
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