Bloomberg Launches Regulatory Data Solution Addressing NAIC's Principles-Based Bond Definition Project
Bloomberg announced the launch of its Bond Classification Regulatory Data Solution which automates the classification of bonds under the new rules of the National Association of Insurance Commissioners' (NAIC) Principles-Based Bond Project (NPBB).� Effective starting January 2025, the new rules will require insurers of all types to classify their bonds as issuer credit obligations, asset-backed securities, or neither in determining whether the security is eligible to be reported as part o...
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