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ARTICLE · 28 NOVEMBER 2022

IRRD Proposal – New EIOPA Staff Papers

Arendt & Medernach
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On 10 November 2022, the European Insurance and Occupational Pensions Authority ("EIOPA") published two new staff papers aimed at providing more clarity on the proposal for an Insurance Recovery...

LuxembourgFinance and Banking
Pierre-Michael De Waersegger
Pierre-Michael De Waersegger
Emmanuelle Mousel
Emmanuelle Mousel
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On 10 November 2022, the European Insurance and Occupational Pensions Authority ("EIOPA") published two new staff papers aimed at providing more clarity on the proposal for an Insurance Recovery and Resolution Directive ("IRRD Proposal") that was published back in September 2021 as part of the Solvency II review package.

  • A paper titled "Proposal for an Insurance Recovery and Resolution Directive: Frequently Asked Questions" ("FAQ Paper"); and
  • A paper titled "A Comparison of Recovery and Resolution Frameworks in Banking and Insurance" ("Comparison Paper").

Both papers are part of a series of staff papers on the IRRD Proposal. They follow-up on the staff paper published back in July 2022 that provided an overview of the most relevant aspects of the IRRD_ Proposal.

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