However, entities that do not have the legal status of AMVs but act as wind-down entities as well as those that were created before the implementation of the BRRD are eligible. The various expert committees of the Eurosystem are currently assessing how to align the letter and spirit of our rules.
Shortage of Safe Assets The current low interest rate environment has not just revealed weaknesses among banks, it has also called into question some traditional practices of insurance companies and pension funds. For many insurers in Germany, for example, guaranteed returns have become an issue.