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EC proposal for reviewing Solvency II capital charges for STS securitisations welcomed

Insurance Europe has responded to the European Commission’s consultation on revised calibrations for simple, transparent and standardised (STS) securitisations in the Solvency II regulatory framework that governs insurers.

Insurance Europe supports the Commission’s proposal to amend Solvency II and remove barriers to investing in securitisations, in line with the objectives of the Commission’s Capital Markets Union project.

The proposed capital requirements remain significantly high compared to the historical default experience of these assets and this issue should be examined more broadly as part of the 2020 review of Solvency II.

Published 18 May 2018