Clifford Chance
Proposed EU regulation on bank structure – impact on insurance business
13 April 2015
The proposed EU regulation on bank structure (BSR) could have a significant impact on the insurance business of some banking groups that include an insurance company and even on some insurance groups that include an EU bank. In particular, the European Commission's proposed text for the BSR would ban any entity in a group within the scope of the regulation from own account investment in financial instruments and alternative investment funds (AIFs), subject to limited exceptions that do not recognise the special nature of the investment activities of insurance companies.
