Eiopa president urges caution on counter-cyclical tools
Eiopa president Gabriel Bernardino used his key-note speech at its first annual conference to urge caution with regard to the use of counter-cyclical tools in insurance.
Bernardino said that elements like the Pillar I equity dampner, the supervisory ladder of intervention and the Pillar II extension of the recovery period have the potential to mitigate pro-cyclical
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