German regulator says payout ban for insurers not necessary

Credit: REUTERS/WOLFGANG RATTAY

MUNICH, April 3 (Reuters) - German financial regulator BaFin said on Friday a general payout ban for insurers and pension funds is currently not necessary after the EU's insurance regulator said dividends and share buybacks should be suspended during the coronavirus pandemic.

UPDATE 2-EU tells insurers to suspend dividends, avoid bonuses in pandemic

(Reporting by Alexander Huebner; writing by Thomas Seythal; editing by Tom Sims)

((thomas.seythal (at) thomsonreuters.com;))

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