EBU Single Rulebook Q&A 21 August 2020 2020_5461 Outflows from deposits in insurance wrappers

Can cash deposits in insurance wrappers be treated like deposits by Personal Investment Companies (PIC) when computing outflows in the LCR? For the purpose of this question, we define an ‘insurance wrapper’ as consisting in a life insurance policy in which an investment portfolio is dedicated to the exclusive investment of the insurance premiums of a private policyholder (i.e.