Following the introduction of Irish regulations earlier this year requiring pre-emptive recovery planning by insurers and reinsurers, the industry has been anticipating legislative and regulatory developments in the area of resolution planning. Proposals for a new directive have been put forward by the European Commission in recent weeks, but this briefing focuses specifically on the contents of the Department of Finance / Central Bank of Ireland consultation paper that is open until 30 November 2021.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.