BONN, Germany, Oct 13 (Reuters) – Big European insurers need not fear higher capital requirements if they are placed on regulators' watch list of financial companies deemed 'too big to fail', a European Commission official says.
“I couldn't imagine that the solution would be more capital. That would be complete nonsense,” Karel Van Hulle, who is in charge of drawing up insurance standards at the Commission, told a regulatory conference on Thursday.
International regulators are drawing up a list of 28 global banks that are seen as systemically important financial institutions, or SIFIs, that will face extra supervisory scrutiny and capital requirements because of the pivotal role they play in the financial system.
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