EIOPA issues a staff paper on the proposal for an Insurance Recovery and Resolution Directive

Published By Europa [English], Wed, Jul 6, 2022 4:30 AM

The European Insurance and Occupational Pensions Authority (EIOPA) published today a staff paper that provides an overview of the proposal for an Insurance Recovery and Resolution Directive (IRRD) put forward by the European Commission in September 2021. In its staff paper, EIOPA welcomes the proposal as it addresses all relevant building blocks of a recovery and resolution framework and focuses on cooperation and coordination among authorities.

The paper outlines that the IRRD is a comprehensive framework taking into account the insurance-specific features. The main benefits of the proposed IRRD are:

Along with this, EIOPA is of the view that the main elements of the proposal should be kept during the negotiation process.

Press release distributed by Wire Association on behalf of Europa, on Jul 6, 2022. For more information subscribe and follow Europa

Eric Mamer

Chief Spokesperson
[email protected]
+32 2299 4073

Chief spokesman @vonderleyen Commission. En fran├žais sur @MamerEric2

Dana Spinant

Deputy Chief Spokesperson
[email protected]
+32 2299 0150

Deputy chief spokeswoman and Director for Political Communication for @EU_Commission.