Insurance Europe reacts to IMD 2: Insurance Europe has reacted to EP's Economic and Monetary Affairs Committee (ECON) report on IMD 2. It supports much of the comment, including bringing amendments within the scope of MiFID 2, which would have the effect of allowing Member States to decide whether to ban or restrict fees, commissions or non-monetary benefits. It is not pleased that the proposed changes would effectively ban the practice of tying products. It says this would put insurance products on an "unlevel" playing field with investment products. (Source: Insurance Europe Reacts to IMD 2)