Insurance EuropeInsurance Europe
European Commission focus on long-term finance welcomed

The European Commission has today published a communication on long-term financing of the European economy, building on the green paper it published in March 2013.

Insurers are ideally placed to contribute to the long-term investment and financing required to underpin economic growth, since they offer risk-transfer and long-term savings products and are able to invest long-term. Insurance Europe welcomes the Commission’s pro-active promotion of long-term finance, as evidenced by the actions and initiatives set out in today’s communication.

“It is vital that EU initiatives on long-term finance are coordinated with international organisations, such as the Organisation for Economic Co-operation and Development (OECD) and the Financial Stability Board (FSB), on the work in this area that has been mandated by the G-20, which Insurance Europe follows very closely,” said Michaela Koller, director general of Insurance Europe.

Published 27 March 2014