Status: Draft -- Not PublishedWill be live at 01/07/2019 16:31
IIF Response to IAIS Recovery Planning Application Paper
On January 7, 2019 the IIF submitted its response to the IAIS Recovery Planning Application Paper. The response emphasized the importance of:
- Supervisory flexibility to allow alternatives to recovery plans;
- Insurer flexibility in the design and implementation of recovery plans;
- Focusing recovery planning on the restoration of regulatory capital and liquidity; and
- Group level recovery planning.