On Friday 1 June, the European Commission proposed new rules aiming to encourage European insurance companies to invest in securitised financial products considered safe.
The draft delegated regulation (2015/35) brings the 'Solvency II' directive governing the activities of the insurance sector into line with the rules on the issuance of simple, transparent and standardised securitised products (STS), which will apply from January 2019 (see EUROPE 11892).
In particular, the proposed...