Clifford Chance
2023 marks a turning point when it comes to insurance recovery and resolution, following the publication of the EU Commission’s legislative proposal for an Insurance Recovery and Resolution Directive (IRRD) and HM Treasury’s consultation for an Insurance Resolution Regime (IRR). Both proposals appear to be moving in a similar direction, namely, establishing insurance recovery and resolution frameworks similar to those we have seen on the banking side, and aligning the EU and the UK with international standards set by the Financial Stability Board.
In this webinar, Clifford Chance lawyers Lucio Bonavitacola, Caroline Dawson, Udo Prinz and Cheng Li Yow discussed how the proposed regimes will work, their differences and the implications for the EU and UK insurance sectors and groups.
