CEIOPS consultation on long-term liability valuation (CP 40) - ACT response | The Association of Corporate Treasurers

CEIOPS consultation on long-term liability valuation (CP 40) - ACT response

The ACT is concerned that the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) approach, excluding the liquidity premium earned by long-term investors in less liquid investments from the valuation of liabilities introduces a volatility against asset valuation, would lead long-term insurers and other affected bodies to reduce their investments in corporate obligations. This would have negative effects on real economies – on activity, investment and employment levels for example.
CEIOPS’ consultation is available here: http://www.ceiops.eu/media/files/consultations/consultationpapers/CP40/C...

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