Comment: Global insurance body opens way for splitting off derivatives
By John Rega ( October 18, 2012, 12:16 GMT | Comment) -- Global regulators have stopped short of barring insurers from selling credit derivatives or conducting other side businesses, but they may make it easier for them to do so in the future. The proposal to ring-fence ‘non-traditional’ activities could open the way for national authorities to ban or curb them.
Brussels – Global regulators have stopped short of seeking to ban insurers from selling credit derivatives or conducting other side businesses, but they may make it easier for them to do so in the future....
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