A government advisory panel will recommend that all restrictions on sales of insurance products by banks be removed within three years of introducing measures to prevent them from using their position as creditors, according to a draft report made available Tuesday.
The report was drafted by a working group of the Financial System Council, an advisory panel to the prime minister. The council will announce the plan Wednesday after making minor changes.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.