Insurance EuropeInsurance Europe
Effects of regulation on long-term investment must be assessed

In its response to the European Commission’s consultation, Insurance Europe has welcomed the recognition in the Commission's green paper on the long-term financing of the European economy that regulatory and framework changes — including changes in prudential regulation, accounting rules and tax law — could threaten insurers’ ability to continue providing long-term funding to the economy.

“Policymakers should not only promote the development of long-term savings, but also create an environment of trust and stability for those willing to invest in long-term products,” said Insurance Europe director general Michaela Koller. “The consequences of individual regulations, as well as their cumulative impact, need to be assessed so that the wide array of regulatory initiatives do not result in adverse consequences for insurers’ role as long-term investors and, in turn, for the wider economy.”


Published 26 June 2013
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