A stress test of pension schemes across the European Union wiped out €270 billion or almost a quarter of investments at funds that took part, the EU's insurance and pensions watchdog said on Tuesday (17 December).
In the run-up to a European council on the revival of the European project, the increasingly direct political rivalry between En Marche and the CDU make the exchange between France and Germany difficult.
SPECIAL REPORT / The EU executive is set to launch a broad consultation on the state of the internal market for financial services to gauge how fragmented it is and what can be done to encourage more cross-border activity in the insurance sector.
Some European insurers could have trouble meeting financial obligations to policy holders in the coming years if rock bottom interest rates persist, the EU's insurance watchdog EIOPA warned on Sunday (30 November).
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