Publications

Opinion to the European Commission on EFRAG's technical advice on the amended European Sustainability Reporting Standards (ESRS)

The Guidelines set out the criteria for the identification of critical functions, the disruption of which could have a severe impact on policyholders, beneficiaries and the broader economy, including financial stability.

The provisions in these Guidelines relate to the alternative measures that resolution authorities may take to address or remove impediments to the resolvability of the insurance or reinsurance undertakings or groups in their scope of resolution planning.

The Guidelines further specify the criteria for the assessment of the resolvability of undertakings or groups, including regarding the feasibility and credibility of the selected resolution strategy, with a focus on the resolvability dimensions specified in the Annex of the IRRD.

The draft RTS sets specific criteria for selecting which (re)insurers undertakings and groups should be required to prepare pre-emptive recovery plans.

The draft RTS further specifies the minimum elements that should be included in the (group) pre-emptive recovery plan of (re)insurers subject to pre-emptive recovery planning requirements.

The draft RTS sets out the minimum elements that have to be included in resolution plans and group resolution plans.

The revised Guidelines will become applicable on 30 January 2027. Until then, the Guidelines issued in 2015 are applicable.

Meeting conclusions