The CEA is concerned that the costs of increased central clearing will be borne disproportionately by insurance companies as long-term investors.
However, the insurance industry does not believe exemptions from central clearing for any long term investors, pension funds or insurance funds is appropriate. Insurers would prefer to see adaptations to collateral requirements, which would take into account the long term nature and low risk profile of insurance business.
© CEA - Comité Européen des Assurances
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