Insurance companies investing in "kitchen sink" bonds may get a closer look from regulators, who are growing uneasy about the current accounting treatment for these instruments.

"Kitchen sink bonds" are a type of structured instrument created by taking leftover pieces of other instruments and repackaging them to create a set of tranches with varying risk and returns.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.