$17.5 billion in catastrophe bonds under threat as EU mulls retail fund ban

Asset managers across Europe and the U. S. are on alert after the European Securities and Markets Authority (ESMA) told the European Commission that catastrophe bonds, tied to extreme natural disasters, don’t belong in funds sold under the UCITS label. The warning puts $17. 5 billion worth of bonds at risk, all of it currently sitting inside […] source: https://www.cryptopolitan.com/17-5b-in-catastrophe-bonds-under-threat/