Allianz denies it represents a systemic risk
Allianz has accepted the Financial Stability Board’s decision to name it as a global systemically important insurer but has denied it poses a systemic risk.
The Munich-based insurer said it will continue to support the FSB in its efforts to enforce more stable and financial markets.
Dieter Wemmer, chief financial officer of Allianz SE, pictured, said:
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