The Central Bank of Ireland (CBI) has published consultation paper CP131 “Regulations for pre-emptive recovery planning for (re)insurers”. The CBI recognises that Solvency II is not a zero-failure regime. As a result, it believes that an appropriate framework is necessary to ensure failure is managed in a manner that minimises the impacts on financial stability, policyholders and beneficiaries in both home and host member states. It is the view of the CBI that pre-emptive recovery planning is necessary to facilitate increased awareness and preparedness within firms.

View our briefing on the topic here or click on the image below.

Contributed by Mike Frazer and Ian Murray