The work conducted under the Financial Stability Board on Global Systemically Important Insurers (G-SIIs) is thus highly topical, and also important from the European perspective. Understanding low interest rates 5 In this environment, I can appreciate why some in the industry may call for higher interest rates.
After all, the simplest solution to the challenges facing the sector would seemingly be for interest rates to rise as quickly as possible. But it is important to understand why interest rates are so low.