Europejski Urząd Nadzoru Ubezpieczeń i Pracowniczych Programów Emerytalnych (European Insurance and Occupational Pensions Authority - EIOPA), Porównanie ram planu naprawy oraz planu restrukturyzacji i uporządkowanej likwidacji w bankowości i ubezpieczeniach

EIOPA-22-940

10 November 2022

A COMPARISON OF RECOVERY AND RESOLUTION FRAMEWORKS IN BANKING AND INSURANCE

1. INTRODUCTION

The European Commission’s proposal for an Insurance Recovery and Resolution Directive (IRRD) was adopted in September 2021 as part of the Solvency II (SII) review package. Since then it has been under consideration by European Parliament and the Council of the European Union.

In order to provide further understanding on the proposal, and conscious of the current discussions, EIOPA conducted a comparative analysis of the IRRD and the Bank Recovery and Resolution Directive (BRRD) in order to identify similarities and differences between the two legal texts, with the aim to understand the rationale behind them.

Disclaimer:

In view of the dynamic nature of the legislative process, this staff paper deliberately focuses on the original IRRD proposal put forward by the European Commission. EIOPA is aware that several of the aspects touched upon in this document are subject to...