Finally a good move from EU regulators. They're tightening requirements for unfunded risk insurance These insurance products, called unfunded SRTs, can get out of hand since insurance companies don't post collateral for the loans their insure. As a result, they may insure more loans than they can see default & insure loans that may otherwise not have touched on a funded model I've seen these products already enter the blockchain space, where unfunded insurance takes risk off non-crypto collateral. We should keep a close eye on this Regulation is great, but it can't protect us forever. If we want to prevent another AIG scenario, we need to bring these credit insurance products onchain with transparent + verifiable collateral. This is an under-explored area in DeFi that I think will have more traction soon