Low rates from QE poses risks to some pension and insurance firms in eurozone, Visco warns
Low rates from QE poses risks to some pension and insurance firms in eurozone, Visco warns
Pension funds and insurance companies in some eurozone countries may have to alter their practices to deal with potential risks from the eurozone's asset purchase programme, the governor of the Bank of Italy said in a speech in London today (November 11).
Most fears about potential unintended adverse consequences from the programme undertaken by the European Central Bank were unfounded, Ignazio Visco said. But it could have "potential repercussions for specific sectors of the financial system".
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