Insurance EuropeInsurance Europe
Position Paper
Financial Stability Board (FSB) draft implementation guidance: resolution of insurers

Insurance Europe welcomes the opportunity to respond to this consultation by the FSB on the implementation of the Key Attributes of Effective Resolution Regimes to the resolution of insurers. We understand that in the wake of the financial crisis, there is a need to assess whether financial institutions other than banks are prone to generate systemic risk and to discuss what measures are necessary to prevent their potential failure from impacting financial stability. Furthermore, we believe it is legitimate to consider the question of resolution of insurers in this context, as long as the solutions devised in response are proportionate to their objectives and based on the unique characteristics of the insurance business model.

Published 15 October 2013
Nicolas Jeanmart
Nicolas Jeanmart
Head of personal & general insurance