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Economy Proposes that the Ccs Act as a 'Bridge Entity' in Case of Bankruptcy of an Insurer
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The Ministry of Economy, Commerce and Business has proposed that the Insurance Compensation Consortium (CCS) be able to act as a ‘bridge entity’ in case of an insurer’s resolution, according to the preliminary draft law that has been published this Thursday. This is an option that is already provided for in the European directive that [...] The entry Economy proposes that the CCS act as a ‘bridge entity’ in case of bankruptcy of an insurer appea…
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