Solvency II: Evaluating structured products 'difficult'
Structured products are the most difficult assets to evaluate, according to BNP Parabis Cardif's head of analysis, research and development, Jean Christophe Barou.
He added assessing these complex over-the-counter vehicles — which make up 9% of his insurer's assets — are complicated by their embedded non-linear instruments.
"As we don't want these assets to be
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