Important considerations ahead of IRRD Level 2 and 3 consultations

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      <subfield code="a">Important considerations ahead of IRRD Level 2 and 3  consultations</subfield>
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      <subfield code="a">Brussels</subfield>
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      <subfield code="a">The Insurance Recovery and Resolution Directive (IRRD) (referred to as the Directive) was published in the Official Journal (OJ) in January 2025, and shall apply from 30 January 2027.
After the publication in the OJ, the next phase is the development of technical standards and guidelines by the European Insurance and Occupational Pensions Authority (EIOPA). During this phase, there will be consultation with industry which will allow stakeholders to provide feedback on key topics.
Ahead of these consultations, Insurance Europe sets out its views on the way forward on important areas: timing, key definitions, minimum market coverage, subsidiary planning requirements, financing arrangements, critical functions and other topics. For each of these areas, there is a description of the issue and its potential consequences as well as an initial industry proposal to address the concerns. The purpose of this paper is to provide industry views on some important areas to help shape the development of technical standards and ensure that the implementation of the Directive is both practical and aligned with the operational realities of the insurance industry</subfield>
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      <subfield code="t">Directiva (UE) 2025/1 del Parlamento Europeo y del Consejo, de 27 de noviembre de 2024, por la que se establece un marco para la recuperación y la resolución de las empresas de seguros y reaseguros, y por la que se modifican las Directivas 2002/47/CE, 2004/25/CE, 2007/36/CE, 2014/59/UE y (UE) 2017/1132 y los Reglamentos (UE) n.° 1094/2010, (UE) n.° 648/2012, (UE) n.° 806/2014 y (UE) 2017/1129, (Texto pertinente a efectos del EEE)</subfield>
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      <subfield code="u">https://www.insuranceeurope.eu/mediaitem/c91ce531-78be-45b4-942e-43d08e05d298/ECO-SLV-25-020.pdf</subfield>
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