Developments in the euro area in the last few years suggest that the decline in labour productivity growth may have come to a halt, although at a very low level,  2  Estimates from international institutions project euro area potential output growth to be between 1.8% and 2.0% in 2009 (European Commission 1.8%, OECD 1.9% and IMF 2.0%).
The proposed reporting requirements differ substantially from reporting requirements for bank holding companies, and from available U.S. Generally Accepted Accounting Principles (U.S. GAAP) financial information filed with the SEC. They are highly tailored to the assets, liabilities, and risks of insurance companies. We look forward to receiving public comment on the proposal.