Commenting on the publication of the capital markets union consultation document today, Olav Jones, deputy director general of Insurance Europe, said: “Insurance Europe welcomes the consultation on the capital markets union. The consultation covers several key areas of importance for insurers, a primary example being the prudential treatment of long-term investments. As Europe’s largest institutional long-term investors, insurers are particularly hopeful that progress can be made to reduce barriers and disincentives to making long-term investments that are so important to ensuring growth and stability in Europe.”