Insurance Recovery and Resolution

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ID: 321430
2026
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Abstract
Abstract In 2011, the Financial Stability Board (FSB) adopted the first version of the Key Attributes of Effective Resolution Regimes for Financial Institutions (Key Attributes), including insurance institutions, with a view to ensuring the recovery and resolution of financial firms in the event of distress. The objective is to enable financial institutions that are failing or are likely to fail to exit the market without recourse to public funds, while ensuring the continuity of critical functions and avoiding potentially value-destroying bankruptcy proceedings. Several jurisdictions have initiated projects with the objective of transposing these standards into a supranational directive or national legislation, respectively. This chapter compares the regimes in the European Union, in the United Kingdom, and in Switzerland. While there are significant commonalities that can be traced to the Key Attributes, the degree of differences is nonetheless notable. These differences are of varying importance from an international perspective but require continued attention and facilitation of implementation across borders.
Reference Key
openalex_W7169620141 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Monica Mächler
Journal Oxford University Press eBooks
Year 2026
DOI
10.1093/law/9780198927617.003.0019
URL
Keywords Keywords not found

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