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German insurance supervisory authority increases maximum quota for certain forward purchases and supports internal credit risk assessments by insurance companies

The German insurance supervisory authority published two guidance papers on October 22 and 23, 2013. The first guidance paper allows for an increase of forward purchases of fixed income instruments. The second one modifies and amends the guidance paper on use of external ratings and internal credit risk assessments initially published on June 28, 2013.

Note: This newsletter is only available in German language.