The AAE answers to the recovery and resolution consultation have now been sent to EIOPA. Thanks to the whole committee and especially to those involved in the drafting.

The Officers:

-          made linguistic checks and clarified some sentences with the content remaining faithful to the draft, and

-          added the general comments to the start.

There were proposals in the discussion on the general comments to 1) support the idea of harmonisation and 2) to propose the recovery planning to be included in the ORSA. As these proposals were not in line with the answers drafted by the IC, these proposals did not end up into the comments. Thus I think the general comments are in line with the thoughts of the IC.

Document EIOPA-CP-16-009 Comments Template Recovery and resolution AAE 28 02_2017