Hybrids must absorb losses to have a role, says CEIOPS
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Hybrids must absorb losses to have a role, says CEIOPS

The Committee of European Insurance and Occupational Supervisors (CEIOPS) said on Tuesday that while it recognised that there may be a role for high quality hybrids in tier one in insurance companies’ capital structures, this would only be the case if “in stressed situations they convert or write down to provide a higher quality of capital in the form of equity.”

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