The amendments also clarify that the prohibition on creating encumbrance or charge on assets backing policyholders’ liabilities will not apply to repo, reverse repo and securities lending transactions, providing insurers greater operational flexibility in managing liquidity.
Global Market Today: Asian stocks waver as oil gains fuel inflation, rate concerns
Government bonds in Japan, Australia and New Zealand retreated, following declines in Treasuries during the New York session. Weak demand at a $70 billion sale