Search

Comments on ECB strategy review

<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-8.xsd">
<mods version="3.8">
<titleInfo>
<title>Comments on ECB strategy review</title>
</titleInfo>
<name type="corporate" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20120012608">
<namePart>Insurance Europe</namePart>
<nameIdentifier>MAPA20120012608</nameIdentifier>
</name>
<name type="corporate" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080444242">
<namePart>Banco Central Europeo</namePart>
<nameIdentifier>MAPA20080444242</nameIdentifier>
</name>
<typeOfResource>text</typeOfResource>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">bel</placeTerm>
</place>
<issuance>monographic</issuance>
<place>
<placeTerm type="text">Brussels</placeTerm>
</place>
<publisher>Insurance Europe</publisher>
<dateIssued>2020</dateIssued>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
<extent>8 p.</extent>
</physicalDescription>
<abstract displayLabel="Summary">Insurance Europe would like to take the opportunity to share its views on the European Central Bank's (ECB) ongoing strategy review. Interest rates are of very significant relevance for the insurance industry, as they impact product offering, as well as the measurement of insurers' balance sheet positions and, more broadly, their solvency ratios. The insurance sector agrees that a loose monetary policy was an appropriate reaction to the global financial crisis, as well as to the euro-area debt crisis. With the COVID-19 pandemic severely affecting the economy, responses also need to be timely, targeted and strong. However, they must be temporary. The ECB strategy review should therefore include a strategy to exit loose monetary policy measures as quickly as possible. Market participants and governments should know that central bank support can only be temporary. </abstract>
<note type="statement of responsibility">Insurance Europe</note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080578374">
<topic>Tasas de interés</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080552701">
<topic>Solvencia</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20200005599">
<topic>COVID-19</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080552022">
<topic>Pandemias</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586874">
<topic>Política monetaria</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080640255">
<geographic>Unión Europea</geographic>
</subject>
<classification authority="">214</classification>
<relatedItem type="series">
<titleInfo>
<title>Position paper</title>
</titleInfo>
</relatedItem>
<relatedItem type="series" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080508210">
<titleInfo>
<title>Position paper</title>
</titleInfo>
</relatedItem>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">190205</recordCreationDate>
<recordChangeDate encoding="iso8601">20200928172718.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20200030317</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>