Opinion of the European Economic and Social Committee on Proposal for a Directive of the European Parliament and of the Council amending Directive 2009/138/EC as regards proportionality, quality of supervision, reporting, long-term guarantee measures, macro-prudential tools, sustainability risks, group and cross-border supervision (COM(2021) 581 final – 2021/0295 (COD)) Proposal for a Directive of the European Parliament and of the Council establishing a framework for the recovery and resolution of insurance and reinsurance undertakings and amending Directives 2002/47/EC, 2004/25/EC, 2009/138/EC, (EU) 2017/1132 and Regulations (EU) No 1094/2010 and (EU) No 648/2012 (COM(2021) 582 final – 2021/0296 (COD))

Opinion // 23/02/2022 // 2 min read

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18.7.2022

Official Journal of the European Union

C 275/45

(COM(2021) 581 final – 2021/0295 (COD))

Proposal for a Directive of the European Parliament and of the Council establishing a framework for the recovery and resolution of insurance and reinsurance undertakings and amending Directives 2002/47/EC, 2004/25/EC, 2009/138/EC, (EU) 2017/1132 and Regulations (EU) No 1094/2010 and (EU) No 648/2012

(COM(2021) 582 final – 2021/0296 (COD))

(2022/C 275/08)

Rapporteur:

Jörg Freiherr FRANK VON FÜRSTENWERTH

Co-rapporteur:

Christophe LEFÈVRE

Referral

European Parliament, 22.11.2021

Council of the European Union, 26.11.2021

Legal basis

Articles 114 and 304 of the Treaty on the Functioning of the European Union

Section responsible

Economic and Monetary Union and Economic and Social Cohesion

Adopted in section

8.2.2022

Adopted at plenary

23.2.2022

Plenary session No

567

Outcome of vote

(for/against/abstentions)

169/0/2

1. Conclusions and recommendations

1.3. 2. General comments

2.1. The European Commission’s approach

2.1.1. 2.2. Consistency with other EU policies

2.2.5. 2.3. Delegated acts

2.3.1. 2.4. Evaluation of adjustments — Impact Assessments: Competitiveness

2.4.1. 3. Specific comments

3.1. Proportionality and thresholds

3.1.2. 3.2. Long-term guarantee measures

3.2.5. 3.3. Climate scenario analysis and mandate to EIOPA (1) regarding sustainability risks

3.3.2. 3.4. Group supervision

3.4.1. 3.5. Role of insurance during pandemics and other large-scale disruptive events

3.5.2. 3.6. Insurance guarantee schemes (IGSs), recovery and resolution and new supervisory measures

3.6.3. Brussels, 23 February 2022.

Christa SCHWENG

(1) European Insurance and Occupational Pensions Authority (EIOPA).

(2) COM(2021) 582 final.