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Insurance Resolution Public Consultation
The Department of Finance in collaboration with the Central Bank of Ireland is launching a public consultation to obtain submissions applicable to the development and scope of a possible domestic resolution framework for insurers.
The Department and the Central Bank believe that it is now timely to assess the policy considerations relevant to resolution, including the implications and benefits that will arise for policyholders, financial stability, industry and the Exchequer.
The Department invites submissions on the potential domestic framework as detailed in this consultation document from interested stakeholders. Feedback to this consultation, along with any EU wide legislative proposal from the European Commission, will assist in the consideration of the way forward on this issue.
How to Respond
This consultation will run for three months from
1 September to 30 November 2021.
The preferred means of response is by email to: insurance@finance.gov.ie .
Comments are sought on the questions set out in the consultation document and on any other pertinent considerations related to the proposal set out in same and should be sent in writing, preferably by email, no later than 30 November 2021.
Any submissions received after this date may not be considered.
Please be aware that responses to this consultation are subject to the provisions of the Freedom of Information Acts. In addition, when responding, please indicate whether you are a professional adviser, representative body, corporate body or member of the public.
Please email insurance@finance.gov.ie should you have any queries.